GST Audit

Introduction

GST Audit refers to the examination of the returns, records and other important documents which a taxable individual maintains. Besides, confirming the adherence to the provisions of GST, other motives behind GST audit is to verify the fairness and accuracy of the turnover notified, input tax credit availed and refunds claimed.

Types of TDS Return Forms

Types Conducted By Circumstance that mandates it
Turnover based Audit Cost Accountant or Chartered Accountant appointed by the taxpayer When the Turnover exceeds 2 crores the taxpayer needs to get his records & accounts audited
Normal audit/General Audit CGST/SGST Commissioner or any official empowered by him On commissioner’s order after the issuance of 15 days prior notice
Special audit A Cost Accountant or Chartered Accountant, authorised by Commissioner On Deputy/Assistant Commissioner’s order after commissioner’s approval.