GST Audit

A GST Audit is a systematic examination of a business's financial records, GST returns, invoices, input tax credit claims, tax payments, and compliance procedures to verify adherence to the provisions of the Goods and Services Tax (GST) laws. It is a detailed review of a taxpayer's books of accounts and supporting documents to verify that the turnover declared, taxes paid, input tax credits claimed, and refunds received are accurate and properly documented. A GST Audit helps identify discrepancies, ensure accurate tax reporting, detect errors, and rectify non-compliance before it leads to penalties, notices, or litigation.