GST Audit will apply every year for those GST registered businesses (GSTIN) having turnover of more than Rs 5 crores*, by the sale of goods or services in the financial year.
Audit under GST involves examination of records, returns and other documents maintained by a GST registered businesses. It also ensures correctness of turnover declared; taxes paid, refund claimed, input tax credit availed and assess other such compliances under GST Act to be checked by an authorized expert.
*applicability subject to change
GST Audits and other services in regards to Indirect taxation provided by our firm.
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