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Professional GST audit can save your time and enhance your business credibility. Avail our services to have a very smooth GST audit experience.

What is a GST Audit?

Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person.The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST.

Threshold for Audit

Every registered taxable person whose turnover during a financial year exceeds the prescribed limit shall get his accounts audited by a chartered accountant or a cost accountant. He shall electronically file:

  • an annual return using the Form GSTR 9 by 31st December of the next Financial Year*
  • the audited copy of the annual accounts
  • a certified reconciliation statement in the form GSTR-9C, reconciling the value of supplies declared in the return with the audited annual financial statement
  • and other particulars as prescribed

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For businesses with an annual turnover of less than Rs 5 crore, filing of GSTR-9C for FY 2018-19 has been waived off.

Qualification of GST Auditor

Only a Chartered Accountant or a Cost Accountant can perform a GST Audit u/s 35.

  • An internal auditor cannot parallelly be appointed as a GST Auditor.
  • The GST Act does not allow a GST practitioner to perform the audit. The power to audit is granted only to a Chartered Accountant or Cost Accountant who is in practice or is an employee of a firm of Chartered Accountants or Cost Accountants. Therefore, a Chartered Accountant must not be registered as a GST practitioner for the purpose of issuing the Audit Report.
  • Where an organisation or an entity has multiple branches registered under GST in different states/UTs, the total aggregate turnover of all such branches is considered while calculating the threshold limit of Rs. 2 crores^.So, if the cumulative turnover of all the branches exceeds Rs. 2 crores^, then the GST audit is applicable to each of these branches, irrespective of whether the turnover of a particular branch is less than the threshold.In such cases, one can appoint either one dedicated auditor for all branches or separate auditor for each branch. Where multiple branches have different auditors, the Standards on Auditing: SA 299 — Responsibility of the Joint Auditors may apply for the purpose of reporting GST Audit observations & Reporting.

GST Auditor Pricing

We currently provide following packages for this service:

Basic Package

Save upto 10% cost on this package

12,000

(inclusive of all taxes)

  • For companies having turnover upto 100 crores
  • Full document preparation and scrutiny
  • Very deep audit
  • Full compliance
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Growth Package

Save upto 20% cost on this package

25,000

(inclusive of all taxes)

  • For companies having turnover upto 1000 crores
  • Full document preparation and scrutiny
  • Very deep audit
  • Full compliance
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Premium Package

Save upto 30% cost on this package

1,20,000

(inclusive of all taxes)

  • For companies having turnover upto 1000 + crores
  • Full document preparation and scrutiny
  • Very deep audit
  • Full compliance
Get Started

Frequently Asked Questions (FAQs)

Here are the answers to some of the very basic questions that one might have in his mind regarding GST audits.

Who is eligible for GST audit?

Taxpayers having turnover of more than Rs 2 Crores in a particular financial year are eligible for GST audit.

Why is the GST audit required?

GST audit is required to verify the records, returns & documents maintained by the taxable persons and to ensure that the company is following all GST compliances or not.

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