GST Audit

GST Audit includes the examination of records, returns and other documents maintained or furnished by the registered person. Under Section 65 of CGST Act, the Commissioner or any officer authorised by him may undertake audit of any registered person for such period by way of a general or a specific order. 

GST compliance is an important aspect of business, particularly in a scenario where frequent sales, purchases, and tax transactions take place. Maintaining a proper record is not only about timely filing of GST returns, businesses also need to ensure that their invoices, book of accounts, input tax credit, and GST returns are properly matched. Even a minute discrepancy in these records can be a headache if it remains undetected for a long time. BK TAXLAWFIN LLP offers a GST audit Service to help you go through your GST records and detect areas of concern.

Our team helps businesses to check their GST related records and ensure that the information submitted in their returns matches with the actual transactions. As a GST audit consultant, we help with the review of GST returns, records of sales and purchases, invoices, input tax credit and other documents.

Our GST audit for businesses is designed to make the review process as smooth and structured as possible. Where there are differences or errors, businesses can take the necessary steps at the appropriate stage instead of letting the same issue continue on in subsequent filings.

We also help businesses better understand their GST records and maintain keep their required documents well organised. Whether a company wants to take a look at its regular GST compliance process or needs help with a specific discrepancy, we decide the scope of work based on the client’s requirement.

GST Audit Services We Offer

BK TAXLAWFIN LLP helps to review GST returns, invoices, sales and purchase records, input tax credit, and other GST-related documents and also helps you reconcile and identify discrepancies between your business records and GST filings.

Why Is a GST Audit Important?

A correct check of GST records can help businesses to identify any mistakes and inconsistencies at the beginning of their operations. It also helps to ensure that GST returns, invoices, and ITC-related entries are correctly filed and maintained.

GST Audit Service for Businesses across Pan India

BK TAXLAWFIN LLP offers GST audit services to businesses in India. Businesses that have set up offices in Patna, Gaya, Bodh Gaya or any other part of Bihar or any other part of the country can seek our help with GST audit-related assistance. The required documents can be submitted online as it becomes easier to offer assistance to the businesses irrespective of the location of the business

FAQ

1. What is a GST audit?

Generally, a GST audit means the examination of records, returns, and other documents maintained or furnished by the registered person under this Act or the rules made.

2. What records can be examined during a GST audit?

The correctness of turnover declared, tax paid, refund claimed and input tax credit availed and other necessary documents can be reviewed.

3. What is GST reconciliation and why it is required?

GST reconciliation involves a reconciliation of internal accounting books and government portal and filing returns and claiming ITC.

4. Does a GST filing mistakes be identified during an audit?

Yes, a review of past GST filings can assist in identifying discrepancies or errors which can be corrected by the appropriate GST authority

5. Who is eligible for GST audit service?

Those companies which wish to examine their GST files, verify errors or remain compliant with GST can get expert help.