Gst Audit

Gst Audit

50000 + clients and counting ...

GST AUDIT

  • GST audit is a reconciliation statement of GSTR9 with an audited annual account. This statement includes sale, purchase, input, output, total tax paid, demand, and refund of the whole financial year.
  • In the GST audit, certification required by a CA/CMA has been removed from FY 2020-21 onwards.
  • A taxpayer whose total turnover exceeds RS 5 Crore will require self-certification in form 9C from financial 2020-21 onwards.
  • So GSTR 9C was modified according to applicable changes from the GST council meeting.
  • Also, the GSTR 9C Turnover limit increased from RS 2 Crore to RS 5 Crore.
  • GSTR9 is an annual return filed by assessment before 31st December 2022. This return includes a summary of the financial year of GSTR1 and GSTR3B, and GSTR2B details, with books of accounts. If any difference occurs with books of accounts, then this difference adjusts by GSTR9.