Audits are conducted to examine the records and books of accounts and other documents maintained by the Registered person to verify the taxes liabilities under the GST and to ensure that the provisions of the GST Act are being complied with.
Audits are done either by the registered person through a Chartered Accountant in Practice or by the GST Tax Authorities.
By Registered Person through a Chartered Accountant or Cost Accountant |
By GST Tax Authorities |
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When the aggregate Turnover during the Financial Year exceeds INR 2 Crore |
Normal Audit by the Commissioner or any other Officer |
Special Audit through a Chartered Accountant nominated by commissioner |
File Audited Annual Account and Reconciliation statements in Form GSTR-9C |
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