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GST Audit
GST is a tax system which is based on trust. The government expects the people to self analyse their sales and accurately calculate their tax returns. In such a scenario, there comes a need for audits to make sure that every data and entry entered by a businessman is accurate and there are no discrepancies in data. A professional auditor makes sure to check every entry in account books, taxes paid, refunds claimed, input tax credit availed, etc. the mechanism used by the auditors must be robust and proper systems must be put in place to make sure that the business obeys every tax guideline and regulations set by the government.
Types of GST Audits
There are basically Three Types of GST audits. The first and the foremost one is a turnover based audit which is conducted by a chartered accountant and is necessary to be conducted by any business whose turnover exceeds 2 crore rupees. Then there is a special audit which is an audit by the deputy commissioner with the prior approval from the Commissioner. It is conducted by a chartered accountant specifically nominated by the commissioner. The third type of audit is a normal audit conducted by the Commissioner of cgst/sgst by giving a prior notice of 15 days
Why choose us?
We have successfully completed thousands of GST audits for various companies and also suggested them measures to save tax and improve productivity.
Methods of operation
We are a professional team and make sure to follow each and every guideline given by the government and follow a strict plan of action to make sure each and every data entry is checked.
Company Growth
The biggest factor in selecting us as your GST auditors is that we make sure to give you insights about your company and how you can save on tax and improve productivity.
Get additional benefits
We give you additional recommendations to improve your data entry processes and implement certain changes to improve the efficiency of work which will directly give a boost to revenue.
Calculating each and every important data types
We have a list of all important taxes and data entries that must be verified to get exact information. We calculate all tax bills, supplies, salaries, import/export goods, etc. Some of these items are included while calculating turnover and some are included and we make the differentiation to get the accurate data.
Following the compliance
We follow each and every compliance and guidelines given by the tax departments. It is necessary to have an auditor who is not working within the company and we make sure to follow the right ethical manner in every process.
Appointments as auditors
It is very important to appoint an auditor at the beginning of the financial year. By appointing us, you also get an additional benefit of recommendations from us throughout the year which will transform your way of working and improvise your productivity.