GST audit can be conducted under Sector 65 or 66 of the CGST Act, 2017. After implementation, the tax has become a core part of every transaction, and entities must start preparing for audits to avoid penalties or loss of credits. Our team is well-versed with GST Law and provides assurance regarding GST reconciliations, tax positions, input tax credit, and applicability of other provisions.
DOCUMENTS REQUIRED FOR GST Audit
Invoices and agreements
GST return filings
Documents on details of payment of tax, sales, and credit availed
Important electronic (Excel, PDF, JPEG) documents
The GST audit checklist
Report on the findings and evidence gathered during the internal audit
Why is it needed?
Verifies the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST.