GST Audit & Compliance Review
A GST audit is a systematic examination of records, returns, and compliance procedures to evaluate adherence to GST law.
Audit areas typically include:
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ITC eligibility verification
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Vendor compliance review
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Reverse charge applicability
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Classification correctness
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Valuation compliance
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E-invoice and e-way bill alignment
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Reconciliation with financial statements
Internal GST audit helps identify gaps before departmental scrutiny. It enhances internal controls and improves compliance systems.
Regular review mechanisms reduce the possibility of tax demands, penalties, and interest liabilities.