Purpose of GST Audit

1. Verify GST compliance.
2. Ensure accuracy of GST returns.
3. Detect and prevent tax evasion.
4. Improve GST administration.

Scope of GST Audit

1. Review GST registration.
2. Examine GST returns (GSTR-3B, GSTR-1, GSTR-2A, GSTR-9).
3. Verify invoicing and documentation.
4. Check tax payment and ITC claims.
5. Examine e-way bills.
6. Review compliance and records.
7. Reconcile GST returns with financials.

Types of GST Audits

1. Regular Audit: Conducted by taxpayers themselves.
2. Special Audit: Conducted by GST authorities.
3. Investigation Audit: Conducted to investigate specific issues.

GST Audit Requirements

1. Maintain accurate records.
2. Provide necessary documents.
3. Cooperate with auditors.

GST Audit Benefits

1. Ensures GST compliance.
2. Identifies and addresses errors.
3. Minimizes tax liabilities.
4. Improves financial management.

GST Audit Frequency

1. Annual audit for taxpayers with turnover above ₹2 crores.
2. Special audits may be conducted as needed.

GST Audit Report

1. Documents audit findings.
2. Reports GST compliance issues.
3. Suggests corrective actions.

References

1. GST Act, 2017.
2. GST Rules, 2017.
3. CBIC notifications.

Additional Resources

1. GST portal (gst.gov.in).
2. CBIC website (cbic.gov.in).
3. GST audit guidelines.

GST Audit FAQs

1. What is GST audit?
2. Who is eligible for GST audit?
3. What are GST audit requirements?