Goods and Services Tax (GST) is designed to streamline tax collection, minimize corruption, and facilitate smooth inter-state movement of goods. GST audits involve examining the records maintained by a registered dealer to ensure the accuracy of declared information, taxes paid, and overall compliance with GST regulations.
We offer extensive experience across diverse industries and service sectors, providing robust solutions for effectively managing compliance reviews.
Our goal is to enhance the performance and effectiveness of your business by thoroughly examining all GST-related aspects of core management and business processes, driving further growth.
Our GST audit services include:
- Review of Outward Supplies: Ensuring all outward supplies declared in the returns are accurately reported.
- Review of Inward Supplies: Verifying that all inward supplies declared are correctly included.
- Review of Deductions: Examining claims for sales returns, abatements, and exemptions.
- Review of Classification and Rates: Ensuring that goods are classified and taxed according to GST provisions.
- Assessment of Registration: Evaluating the adequacy and correctness of GST registration.
- Review of Input Tax Credits: Verifying claims for credits on inputs, input services, and capital goods.
- Reconciliation Statement Review: Ensuring reconciliation statements are filed accurately along with the certified audit report.
- Compliance with GST Act Requirements: Conducting the audit in line with all applicable requirements of the GST Act.