GSTAudit

GST Audits

Documents Required

Aadhar Card of the proprietor

Pan Card of the proprietor

Latest Bank Statement of the proprietor

Registered Office Proof

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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.

Audit Types

Registered Person

By Registered Person

Through a Chartered Accountant or Cost Accountant

Threshold Limit

INR 2 Crore

When the aggregate Turnover during the Financial Year exceeds the threshold, audit becomes mandatory.

File Audited Annual Account & Reconciliation in Form GSTR-9C

Tax Authorities

Normal Audit

By the Commissioner or any other Officer

1
Notice to be given to Registered person 15 days before the audit commences.
2
Audit to be completed within 3 months from the date of commencement of audit.
3
Officer may ask for the furnishing of the various information and books and records for the verification.

Special Audit

Through a CA nominated by the Commissioner

1
In view of complexity of case and interest of revenue, the Commissioner may direct a special audit.
2
Can be conducted even if the audit under any other law has been already conducted.
3
Nominated CA/CWA shall submit the audit report within 90 days to the Asst. Commissioner.