Certified GST Audit Service Across India

Are you looking for a Certified GST Audit Service Across India? We provide comprehensive GST Audit services nationwide, ensuring businesses comply with GST laws by thoroughly reviewing GST returns, transactions, and records. Our expert Chartered Accountants validate the accuracy of your GST filings, detect discrepancies, and ensure full compliance with the GST regulations. This audit is essential for businesses exceeding the prescribed turnover threshold, helping to prevent penalties and streamline financial operations. Stay GST-compliant across India with our professional audit service. Contact us today for expert assistance.

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Expert Certified GST Audit Solutions

GST Audit by CA

GST Audit conducted by a Chartered Accountant (CA) is a thorough review of a business’s GST returns, financial records, and transactions to ensure full compliance with GST regulations. This audit is required for businesses that surpass the turnover threshold of ₹2 crore, as mandated by GST laws. The audit helps uncover any discrepancies, errors, or omissions in the returns, ensuring businesses meet all legal obligations while avoiding penalties.

During a GST audit, the CA plays a key role in reviewing key documents such as sales records, purchases, input tax credits, and tax payments. They ensure that every financial transaction related to GST is correctly recorded and reported. This not only ensures compliance but also provides businesses with valuable insights into how they manage their GST and opportunities for improvement.

By choosing a GST Audit by a CA, businesses can protect themselves from legal issues, avoid penalties, and ensure their GST filings are accurate and complete. It enhances the business’s credibility by demonstrating that their financial processes meet the highest standards of compliance. Whether for internal checks or regulatory purposes, a GST audit supports smooth, compliant operations.

Required Documents for Certified GST Audit Service

  • Sales Ledger
  • Purchase Ledger
  • Expense Ledger
  • Fixed Asset Ledger
  • Financial Statements (P&L, Balance Sheet)
  • GST Filings (GSTR-3B, GSTR-1, GSTR-2A)
  • Refund Claims
  • GST Challans
  • Supplier Invoices
  • Additional Info as Requested by CA
Certified GST Audit Service Across india

All-Inclusive Certified GST Audit Service Package

A Certified GST Audit Service involves a thorough review of a business’s GST returns and financial records to ensure accuracy and compliance with GST laws. Here’s a simplified overview of what’s included in this package:

Chartered Accountant Fees for Certified GST Audit: Starting from Rs. 3000/- (may vary based on transaction volume)

Usage of Certified GST Audit Service

  • Ensures GST Compliance: A Certified GST Audit helps make sure your business follows all GST rules and regulations by reviewing financial transactions and returns.

  • Finds Errors: The audit identifies any mistakes or missing details in your GST filings, helping you avoid fines or legal problems.

  • Improves Accuracy: By checking GST returns and tax credits, the audit ensures your financial records are correct.

  • Helps Manage Finances: The audit gives useful insights into your GST processes, helping you better manage your tax payments.

  • Needed for Larger Businesses: If your business exceeds the GST turnover limit, an audit is required to meet government rules.

  • Builds Trust: A GST audit by a certified expert boosts your business’s credibility, showing stakeholders that your GST filings are accurate and legal.

Requirement of Certified GST Audit Service

  • Turnover Threshold: Businesses with an annual turnover exceeding ₹2 crore must undergo a GST audit as per GST regulations.

  • Financial Records: Accurate and complete financial statements, including sales, purchase records, input tax credits, and tax payment details, must be provided.

  • GST Returns: All GST returns filed during the financial year need to be reviewed for accuracy and compliance.

  • Documents for Verification: Invoices, bank statements, ledgers, and other relevant documents related to GST transactions should be available for audit.

  • Engagement of a Chartered Accountant: A certified Chartered Accountant must conduct the audit and issue the necessary reports, including Form GSTR-9C.

  • Timely Submission: The audited GST report should be submitted by the due date to avoid penalties.

Reliable GST Audit Process Services to Streamline Your Business

Send Documents

Send us your GST-related financial documents, including sales data, purchase records, and tax returns, early to expedite the GST audit process.

Audit by CA

Our Chartered Accountants will review your GST documents for compliance with GST regulations, identify any discrepancies, errors, or missed tax-saving opportunities, and ensure accuracy.

Query Report

After a thorough review, we will prepare a GST Query Report highlighting issues, missing information, questions, and potential solutions related to your GST compliance.

Final Audit Report

Once all questions are resolved, we will finalize the GST audit report with detailed findings, corrective actions, and recommendations, and provide support in addressing any queries from tax authorities.

The Purpose of GST Audit: Ensuring Transparency and Compliance

 

The Goods and Services Tax (GST) audit serves to examine a business’s financial records to ensure compliance with GST regulations. Its primary goal is to confirm that the business has accurately reported its tax liabilities and followed all necessary rules. By doing so, it helps maintain transparency in financial reporting and prevents potential legal complications.

A key purpose of the GST audit is to verify that businesses have filed their GST returns correctly. The audit ensures that all sales, purchases, and taxes have been properly reported. If any discrepancies are found, businesses are notified, and corrective actions are suggested, helping them avoid penalties and ensuring smooth tax compliance.

The audit process also helps identify any errors or omissions in the company’s financial records. These may include mistakes in tax calculations or missed input tax credits. Detecting and correcting these issues keeps the business in compliance with GST laws and avoids future problems.

GST audits contribute to greater transparency in a business’s operations. By carefully reviewing financial documents, the audit can reveal any unnoticed discrepancies. This promotes honesty in tax filing and builds trust with both stakeholders and tax authorities.

GST Audit Certificate

GST Audit Certificate
Common Questions and Answers About GST Audit Services

GST audit is a detailed review of a business’s financial records to ensure compliance with Goods and Services Tax (GST) laws. It involves checking whether the business has correctly filed its GST returns and paid the appropriate taxes.

Businesses with an annual turnover exceeding the prescribed threshold (usually ₹2 crores) must undergo a GST audit. However, in some cases, authorities may also require audits for businesses with irregularities in their GST filings.

For a GST audit, businesses need to provide sales and purchase records, GST returns, balance sheets, income statements, tax invoices, and any other relevant financial documents that show compliance with GST regulations.

If discrepancies are found during the audit, the business will be notified to correct them. Depending on the severity of the issue, the business may have to pay additional taxes, penalties, or interest. The auditor will also guide you on how to resolve the errors.