100% Compliance for GST Audit & Annual Returns

Our Goods & Services Tax (GST) expert practitioners understand various types of audit mechanism to ensure full compliance with the GST audit provisions and verify the correctness of declared turnover, taxes paid, refunds claimed and tax credit availed.

How It Works 

Fixed price. Quick turnaround. Guaranteed service or your money back.

Request
Request for the GST Impact Analysis and Assessment Report.
Documents
We will provide you the list of documents to send to us for review.
Discussions
We discuss over the email, phone, or face-to-face and understand the requirements.
The Report
We email you the completed GST Impact Analysis & Assessment Report.

Guaranteed GST Compliance & Filings!

What is GST Compliance & Audit Framework?

GSTauditr provides advanced risk management, compliance and impact assessment services to your business. Our experts check and review the filing of GST returns for accuracy and correctness.

We deploy tax saving methodologies to your Business with our specialization in product pricing, P&L impact analysis, an audit of the Balance sheet, Cash flow and other factors concerning new Goods & Services Tax (GST) law.

GST law proposes a regular and special audit of GST compliance and hence it is advisable for businesses to perform their internal checks before such tax audit takes place.

We assist businesses with the GST impact analysis and migration of VAT/Service Tax/CST to Goods & Services Tax (GST). Get expert assistance on GST compliance, rectification of errors, validation of GSTR – 1A, claiming of refunds, and also audit by qualified professionals.

We also provide training programs on GST compliances, GST registration procedures, GST return filings, and other aspects of GST law.

We help setting up GST compliant invoicing system, choosing the right software for GST returns, bookkeeping and accounting of GST, input tax credit optimization, and GST litigation.

Impact Analysis Traders

Impact Analysis Traders

Impact Analysis for Manufacturers

Impact Analysis for Manufacturers

Impact Analysis for Service Providers

Impact Analysis for Service Providers

Impact Analysis for Works Contractors

Impact Analysis for Works Contractors

Impact Analysis for Software Companies

Impact Analysis for Software Companies

Impact Analysis for E-Commerce

Impact Analysis for E-Commerce

Impact Analysis for Infra/Real Estate

Impact Analysis for Infra/Real Estate

Impact Analysis for Restaurants/Hotels

Impact Analysis for Restaurants/Hotels

GST Audit Checklist

Review of GSTR 3B in relation to GSTR 1 & GSTR 2A for any Interest and penalties in GST Act

  • Make a payment of interest @ 24%.
  • Applicable on the excess tax amount.
  • Reconcile the GSTR 3B with GSTR 2A
  • If it has been paid in excess, company would pay interest and the tax amount on the applicable date

Review of GSTR 3B in relation to GSTR 1 & GSTR 2A for any Amendment in GSTR

  • Amend the invoices at summary levels in GSTR 1.

Invoice Particulars

  • If the format of the invoice varies, he would advise the management to make amendment of the invoice and include the requirements of the GST rules.

Reversal of input tax credit for non-payment in 180 days

  • Difference between invoice date and date of payment. And this would not exceed 180 days.
  • The amount of payment needs to remain equal with invoice amount and GST.
  • If the payment amount is less than invoice amount plus GST, the input tax credit to the extent of short payment would get reversed.

4. Reviewing e-way bill and matching with invoices:

  • Results of any mismatch shown in the e-way bill in relation to invoice.
  • It is permissible for cancellation within 24 hours of its generation for any errors.
  • When the goods get shifted without e way bill, the designated authority could impose fine for this.
  • Match the details in the e-way bill with respective invoices.
  • Closely scrutinize the e-way bill

Cross-checking the stock pending with job-workers on 30th June, 2017

  • As it is mandatory that goods lying with job workers on 30th June 2017 need to get received within a period of one year.
  • The capital goods lying with job workers require to be brought back before 30th June, 2019 (within a period of two years).

Is Your Business GST Law Compliant?

Basic
Rs.500/month
  • Up to 2 invoices
  • Monthly GSTR-3B
  • Quarterly GSTR-1
  • Email Support
  • Phone Support
Starter
Rs.2,500/month
  • Up to 7 invoices
  • Monthly GSTR-3B
  • Monthly GSTR-1
  • Tally Accounting
  • 1 hour of Legal Advice
  • Email Support
  • Phone Support
Business
Rs.5,000/-/month
  • Up to 15 invoices
  • Monthly GSTR-3B
  • Monthly GSTR-1
  • Tally Accounting
  • Cloud approach
  • 2 hours of Legal Advice
  • Email Support
  • Phone Support
Enterprise
Rs.Custom/month
  • Above 15 invoices
  • Monthly GSTR-3B
  • Monthly GSTR-1
  • Tally Accounting
  • Responding to GST office
  • 4 hours of Legal Advice
  • Email Support
  • Phone Support

Frequently Asked Questions. 

We have compiled a list of question and answers regarding compliance and impact analysis of GST.

What is GST?

GST is a trust-based taxation regime wherein a taxpayer is required to self-assess his tax liability, pay taxes and file returns.

How can I migrate to GST?

You need to apply for GST migration provision from the GST portal – gst.gov.in

How do I ensure my business fully compliant with GST Law?

Make sure you comply with all GST provisions. Keep updated with latest amendments and changes.

Can you help with GST Registration?

We offer an end-to-end GST registration, return filing, and auditing services to entreprenuers and startups at a nominal fee.

How much does it cost to register GST for my business?

Nominal fee of Rs.1000 – 2500 to get started with GST.

How to request for GST Impact Assessment Report?

Send us an email with your GSTIN and other return filing documents.

What are the documents required to be submitted?

  • 1 Passport photo
  • PAN copy
  • Aadhar
  • Rental Agreement
  • Cancelled Cheque
  • Electricity Bill
  • Property tax receipt

What are the qualifications of a GST auditor?

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

Whether audit is mandatory in case of every registered person?

No, it is not mandatory. It will be applicable only in cases where the appropriate authorities authorize the same by issue of general / specific orders.

Whether any prior intimation is required before conducting the audit?

Yes, prior intimation is required and the taxable person should be informed at least 15 days prior to conduct of audit in FORM GST ADT-01.

What is the period within which the audit is to be completed?

The audit is required to be completed within 3 months from the date of commencement of audit or within the extended period of 6 months in cases where the Commissioner is satisfied for reasons to be recorded in writing that the audit cannot be completed in 3 months.

What would be the action by the proper officer upon conclusion of the audit?

The proper office must within 30 days inform the
registered person (i.e. the auditee) about his findings, reasons for findings and his rights and obligations in respect of such findings.

Who can serve the notice for special audit?

An officer not below the rank of an Assistant Commissioner with prior approval of the Commissioner may serve notice for special audit, having regard to the nature and complexity of the case and the interest of revenue.

What is the time limit to submit the special audit report?

The auditor will have to submit the report within 90 days or the further extended period of a 90 days

What are the forms for GST Annual return and GST Audit?

Type of taxpayer Form to be filed
Whether or not applicable to GST Audit
A Regular taxpayer filing GSTR 1 and GSTR 3B GSTR-9
A Taxpayer under Composition Scheme GSTR-9A
E-commerce operator GSTR-9B
Applicable for GST Audit
Taxpayers whose turnover exceeds Rs. 2 crores in FY GSTR-9C

How to conduct GST Audit?

Appointment of GST Auditor:

A proprietor, partner or Board of Directors in case of a Company should appoint a GST Auditor at the beginning of the financial year.

Accounts to be to be reviewed by GST Auditor:

  • Sales Register
  • Stock Register
  • Purchase Register and Expenses ledgers
  • Input tax credit availed and utilized
  • Output tax payable and paid
  • E-way bills generated during the period under Audit, if in compliance with rules.
  • Any documents that record communications from the GST department relating to the year.

Documents to be furnished by the taxpayer for GST Audit:

  • Audited financial statements
  • Annual return in form GSTR-9
  • Certified reconciliation statement in Form GSTR-9C, reflecting reconciled values of supplies and tax amounts declared in GSTR-9 compared to audited financials in Part-A, along with the Audit report in Part-B.

Due dates for submission of GST Audit report?

GSTR-9 and GSTR-9C are due on or before 31st December of the subsequent fiscal year.

Special Note: For FY 2017-18, the due date for filing GSTR 9 and GSTR-9C is extended to 30th June 2019, through an order.

Rectification in return based on results of GST Audit

If any taxable person, after having furnishing a return discovers any omission / incorrect details, via the audit results, he can rectify the same, subject to payment of interest. However, no rectification will be allowed after the tax filing is completed for the month of September, or the second quarter following the end of the financial year, or the actual date of tax filing of the relevant annual return – whichever is earlier.

Can the Internal Auditor of the dealer certify Form GSTR 9C?

An internal Auditor cannot certify Form GSTR 9C of the same entity

Can the statutory auditor be a GST auditor u/s 44AB?

Section 44AB does not specify that only the statutory auditor appointed under the Companies Act should perform the tax audit. Therefore the GST audit can, be conducted either by the statutory auditor or by any other Cost Accountant or Chartered Accountant in practice.

Responsibilities of the GST Auditor

The GST auditor’s responsibility is to audit the particulars included in GSTR 9C to ensure that they are free from any material misstatement. The auditor should also consider for the purpose of planning of the audit and determining the nature, timing and extent of the audit procedures, the internal control of the enterprise as well.

GST Services Bangalore, GST Lawyers, GST Auditors, GST Advisors, GST Tax Firms Bangalore, GST Returns, GST Filings

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