November 11, 2021

GST Audit has become essential with every passing day. This is especially true for businesses with multiple GST registrations. It becomes challenging for such businesses to keep track of all the GST activities in their various depots or sub-units with individual GST registration. Hence, it becomes necessary for such businesses to have a centralized mechanism to check

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November 8, 2021

GST structure can sometimes become complicated when a business has multiple registrations.It becomes difficult for all the business units to comply with the GST laws in the entirety, and in some places, the GST laws and regulations get violated.To address all these issues, a business should prioritize its routine ‘in-house audit’ that identifies such discrepancies

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October 21, 2021

GST structure and filing can sometimes be complex for businesses with multiple branches and each of them having a GST registration. Article briefly speaks on GST audit checklist also why we need the GST audit and GST audit procedure step by step. A taxpayer files his calculated GST as per the frequency of the  GST return. But

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May 13, 2021

GST audit or Audit, as defined under section 2(13) of the Central Goods and Services Tax Act, simply means an examination of returns; records; and relevant other documents. There are following two types of audits under GST-Type of GST auditGoverning sectionRemarksAudit based on threshold limit (popularly known as GST audit)Section 35(5) of the CGST ActThe registered

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April 26, 2021

GST follows a trust-based mechanism. Accordingly, the registered person himself assess the tax liability; pay the taxes and files GST returns. Hence, GST audit is important to ensure the correctness of the self-assessment done by the registered person.The present article discusses details from the GST Audit checklist necessary for a GST departmental audit.Audit and types

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