GST Audit for taxpayers with Annual turnover above 2 crores
Everything You Need To Know About Gst Audit GST (Goods and Service Tax) is a one tax regime impelled by Government to promote a unitary basis of transacting business in India. It enables every assesses to self-assess his tax liability & file timely returns to government without any major intervention of any tax official. As the regime majorly stresses on self-assessment procedures, it puts up a need for a rigorous audit mechanism, which will ensure effective measurement and compliance of all the legal associated provisions by every taxpayer. As per section 2(13) of the CGST Act 2017, GST Audit means the examination of records, returns and other documents maintained or furnished by the registered person under the GST Acts or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of the GST...