A GST Audit is a detailed examination of a taxpayer’s records, returns, and compliance with Goods and Services Tax (GST) laws. Businesses must ensure that their financial statements, tax payments, and input tax credits (ITC) are correctly reported to avoid penalties and legal disputes.
At VPS and Associates, we provide expert GST audit, compliance checks, and risk assessment services, ensuring that businesses remain fully compliant with GST regulations.
Official GST Audit Guidelines: https://www.gst.gov.in/
Who Needs a GST Audit?
A GST Audit is mandatory if:
✔ The annual aggregate turnover exceeds ₹5 crore in a financial year.
✔ The taxpayer is selected for departmental audit by GST authorities.
✔ A special audit is ordered under Section 66 of the CGST Act, 2017.
Check Your GST Compliance Status: https://www.gst.gov.in/
Types of GST Audits
1. Turnover-Based GST Audit (Self-Audit) – Section 35(5)
✔ Conducted by businesses with an annual turnover of ₹5 crore or more.
✔ Requires reconciliation of financial statements & GST returns.
✔ Submission of GSTR-9C (Audit Reconciliation Statement) along with GSTR-9 (Annual Return).
File GSTR-9C Online: https://www.gst.gov.in/
2. Departmental GST Audit – Section 65
✔ Conducted by the GST Commissioner or an authorized officer.
✔ The taxpayer is given 15 days’ notice before the audit.
✔ Authorities examine books of accounts, ITC claims, GST payments, and compliance records.
✔ If discrepancies are found, the taxpayer must pay the due tax along with interest & penalties.
Know More About GST Departmental Audit: https://www.gst.gov.in/
3. Special GST Audit – Section 66
✔ Ordered by the GST Commissioner if there is mismatch or tax evasion suspicion.
✔ Conducted by a Chartered Accountant (CA) or Cost Accountant.
✔ The report must be submitted within 90 days, extendable to 180 days.
Key GST Audit Checklist
Reconciliation of GSTR-1, GSTR-3B, and financial statements.
Input Tax Credit (ITC) verification – Ensure ITC claimed matches invoices.
Tax payment accuracy – Cross-checking tax paid with liability calculations.
GST refunds & exemptions validation.
E-way bill compliance – Matching with invoices & transport records.
GST notices response management – Addressing discrepancies & defending tax positions.
Track Your GST Audit Notices: https://www.gst.gov.in/
Our GST Audit Services
1. GST Compliance & Risk Assessment
✔ Review of GST returns, invoices, tax payments & ITC claims.
✔ Identifying tax risks & compliance gaps.
✔ Providing recommendations for tax-saving & risk mitigation.
2. Preparation & Filing of GSTR-9 & GSTR-9C
✔ Assistance in preparing & filing annual GST returns.
✔ Ensuring proper matching of financial records & tax data.
✔ Avoiding penalties & non-compliance risks.
File Annual GST Returns: https://www.gst.gov.in/
3. Representation for GST Departmental Audits
✔ Assisting businesses during GST department audits.
✔ Preparing & submitting necessary documents & explanations.
✔ Handling tax disputes & penalty reductions.
4. GST Litigation & Dispute Resolution
✔ Assistance in responding to GST demand notices & show cause notices (SCN).
✔ Filing appeals against wrongful tax assessments.
✔ Representation before GST appellate authorities.
Check GST Appeal Process: https://www.gst.gov.in/
Why Choose VPS and Associates?
Experienced GST Auditors – Chartered Accountants (CAs) specializing in GST audits.
End-to-End Compliance – From audit preparation to dispute resolution.
Minimizing Tax Risks & Penalties – Strategic approach to reduce liabilities.
Seamless Filing & Documentation – Ensuring error-free reports & submissions.
Contact Us
Office Address:
VPS and Associates
8-3-988/11/1/A, 1st Floor, SBH EXTN 925,
SBH Colony Road, Hyderabad – 500045
📧 Email id : team@vpsandassociates.com
Contact us today!
☎️ Landline: 040 – 29801299
📲 Mobile no: 8886359392 / 9030931302
Stay GST Compliant & Avoid Penalties with Expert GST Audit Support!
