GST Audit
A GST Audit is an examination of records, returns, and documents maintained under the Goods and Services Tax (GST) law to ensure accuracy of turnover, taxes paid, input tax credits claimed, and refunds received.
Although the mandatory audit requirement by a CA or CMA was removed after FY 2020-21, businesses are still expected to self-certify GSTR-9C and maintain audit-ready records.
Our GST Audit services help businesses validate their filings, reconcile discrepancies, prepare for departmental scrutiny, and ensure complete GST compliance.
Whether you're conducting an internal GST review, preparing for a departmental audit, or reconciling mismatches, we ensure that your GST position is accurate, compliant, and risk-free.
Key Features
Comprehensive GST Reconciliation
Detailed reconciliation of GSTR-1, GSTR-3B, and GSTR-2B with books of accounts, sales and purchase registers.
Annual Return Filing (GSTR-9/9C)
Assistance with accurate preparation and filing of annual GST returns including reconciliation of ITC and liabilities.
Input Tax Credit Review
Scrutiny of eligible, ineligible, and reversed ITC, including credit availed under reverse charge mechanism.
Error Detection & Correction
Identification and rectification of mismatches, misclassifications, and discrepancies in GST returns.
Sector-Specific GST Advisory
Industry-aligned GST audits and advice for traders, manufacturers, service providers, e-commerce platforms, and more.
Compliance Health Check
Periodic review of GST returns and documents to assess compliance status and readiness for scrutiny.
Support for GST Notices
Representation and response handling for audits, show-cause notices (SCNs), or queries raised by GST authorities.
Audit Report & Recommendations
Delivery of detailed reports covering compliance gaps, risk areas, and improvement suggestions post-GST audit.
Information Checklist
To conduct a GST audit or reconciliation effectively, we require the following:
Business Details:
- GSTIN and Registration Certificates
- Nature of Business and Turnover
- HSN/SAC Codes applicable
Return Filings:
- GSTR-1 (Monthly/Quarterly)
- GSTR-3B (Monthly/Quarterly)
- GSTR-9 (Annual Return)
- GSTR-9C (Reconciliation Statement, if applicable)
- GSTR-2B and GSTR-2A
Financial & Accounting Data:
- Trial Balance
- Sales and Purchase Register
- Credit/Debit Notes Register
- Chart of Accounts
Tax Payment Records:
- Cash Ledger & Credit Ledger
- GST Payment Challans
- Reverse Charge Mechanism (RCM) details
Other Documents:
- Expense Invoices for ITC claim
- Fixed Assets Purchase Invoices (for capital ITC)
- E-way Bills (for selected transactions)
- Books of Accounts as per Section 35 of CGST Act
FAQs
A GST Audit is a detailed review of GST returns, invoices, ITC claims, and tax payments to ensure compliance with the Goods and Services Tax law and to reconcile reported and actual figures.
As per recent amendments, GST Audit by a Chartered Accountant or Cost Accountant is not mandatory from FY 2020–21 onwards. However, businesses must self-certify the reconciliation in GSTR-9C and remain audit-ready.
GSTR-9 is the annual return summarizing monthly/quarterly GST filings, and GSTR-9C is the reconciliation statement between GSTR-9 and audited financial statements.
GSTR-9 is mandatory for registered taxpayers with turnover above ₹2 crore. GSTR-9C is mandatory for those with turnover above ₹5 crore and must be self-certified.
Incorrect reporting, mismatch in ITC, or delayed returns can attract penalties, interest, and scrutiny from the GST Department under Sections 73 or 74 of the CGST Act.
The due date for GSTR-9 and GSTR-9C is generally 31st December of the following financial year, unless extended by CBIC.
Yes, discrepancies identified during the audit can be corrected in subsequent returns, if within the permissible time limit for rectification.
Yes, proactive audits reduce risk of notices by ensuring accurate reporting, correct ITC claims, and timely rectifications — improving your GST compliance score.
No, businesses registered under the composition scheme are exempt from filing GSTR-9C, but they must still maintain proper records and file GSTR-4 annually.
Yes, we provide full support in reviewing the notice, preparing the necessary documents, drafting replies, and representing clients before GST authorities if required.
Centura Square IT Park,
SG Barve Rd, Wagle Industrial Estate, Thane West,
Thane, Maharashtra, India - 400604
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Call us on:
+91 7021 719 526
Email us at:
service@cashwetasaboo.com