GST Audit: Comprehensive Guide to Compliance

A GST audit is a critical process under India’s Goods and Services Tax regime, aimed at verifying the accuracy of a business’s turnover, tax payments, refunds, and Input Tax Credit (ITC) claims. It ensures compliance with GST laws, with audits categorized into turnover-based, departmental, and special audits. Turnover-based audits apply to businesses exceeding ₹2 crores in annual turnover, requiring the submission of Form GSTR-9C certified by a Chartered Accountant (CA) or Cost Accountant (CMA). Departmental and special audits are initiated by GST authorities for detailed scrutiny. Essential documents include GST returns, invoices, ITC records, and financial statements.