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GST Audit Services

A GST Audit refers to the detailed examination of records, returns, and other documents maintained by a registered taxpayer. The primary objective of a GST audit is to verify compliance with GST laws and ensure the correctness of:

  • Turnover declared
  • Input Tax Credit (ITC) availed
  • Taxes paid
  • Refunds claimed
A GST audit helps in maintaining transparency, minimizing litigation, and ensuring smooth compliance with GST regulations.

Important Note

As per the notification dated 23rd March 2020, businesses with annual turnover below â‚ą5 crore were exempted from filing GSTR-9C for FY 2018-19.

Threshold for GST Audit

If the aggregate turnover of a registered taxpayer exceeds â‚ą2 crore in a financial year, the following compliances are required:
  • Annual Return in Form GSTR-9
  • Reconciliation Statement in Form GSTR-9C
  • Audited Annual Financial Statements
  • Any other documents as prescribed

Due Date:

  • On or before 31st December of the following financial yeard

General Audit under GST

A General Audit is conducted under Section 65 of the CGST Act, 2017 by officers authorized by the GST Commissioner.

Key Features of General Audit:

> Conducted at the business premises of the taxpayer
> Prior notice issued in Form GST ADT-01 at least 15 days before the audit
> Audit must be completed within 3 months from commencement
> Extension up to 6 months may be granted in special cases

After completion, the audit findings are communicated in Form GST ADT-02 within 30 days.

Taxpayer’s Responsibility:

The registered person must provide:
> Books of accounts
> GST returns
> ITC details
> Stock records
> Tax rate applicability
> Any other relevant documents

Special Audit in Amritsar

A Special Audit is initiated when the Assistant or Deputy Commissioner finds discrepancies during scrutiny, investigation, or proceedings.

Key Points:

> Can be ordered even if accounts are already audited
> Requires prior approval of the Commissioner
> Audit is conducted by a Chartered Accountant or Cost Accountant appointed by the Commissioner
> Audit report must be submitted within 90 days
> Extension of further 90 days may be granted

đź’° Audit Fees:
All expenses including auditor remuneration are borne by the GST Department.

Post-Special Audit Proceedings

After completion of the special audit:
  • The taxpayer is given an opportunity to be heard
  • If short-paid tax, unpaid tax, or excess ITC is identified, recovery proceedings are initiated as per GST law

Due Date for GST Audit Report

GSTR-9 & GSTR-9C:
đź“… 31st December of the subsequent financial year

Latest Update:

> Due date for GSTR-9C for FY 2023-24 extended up to 30th September
> Filing of GSTR-9 & GSTR-9C is optional for businesses with turnover up to â‚ą2 crore for FY 2023-24 and FY 2024-25

Penalty for Non-Submission of GST Audit Report

  • A general penalty up to â‚ą25,000 may be levied
  • Although no specific penalty is prescribed exclusively for non-submission, failure may attract notices, scrutiny, and further action

Why Choose CA Kapoor for GST Audit?

  • Experienced GST Professionals
  • Accurate reconciliation & compliance
  • Handling departmental audits & notices
  • Timely filings & expert guidance
  • Trusted GST Audit services in Amritsar

“Empowering Businesses with Financial Clarity Since 2011”

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