GST Audit Assistance

Overview

GST Audit (GSTR-9C) is a reconciliation exercise that Taxeto conducts to compare figures reported in the annual return (GSTR-9) with a business's audited financial statements, verifying accuracy under the Goods and Services Tax Act, 2017. Taxeto identifies discrepancies, strengthens compliance, and reduces the risk of notices or penalties for businesses crossing the prescribed turnover threshold.

Benefits

• Identifies mistakes and mismatches in GST returns
• Ensures adherence to GST laws and reconciliation requirements
• Reduces risk of scrutiny and penalties from the department
• Improves overall accuracy of financial records
• Helps management understand its true tax position for better decisions

Eligibility

• Businesses crossing the prescribed turnover limit under GST provisions
• Taxpayers requiring reconciliation between GSTR-9 and audited financial statements

Documents Required

1. 1GSTR-9 annual return already filed
2. 2Audited financial statements (P&L and Balance Sheet)
3. 3Books of accounts and ledgers
4. 4GSTR-1 and GSTR-3B filed during the year
5. 5Input tax credit reconciliation records

Process

1. 1

   Data reconciliation

   Compare GST returns with audited financial statements.

2. 2

   Identification of errors

   Spot mismatches between books and returns.

3. 3

   Preparation of GSTR-9C

   Draft the reconciliation statement.

4. 4

   Filing and compliance support

   Submit GSTR-9C along with GSTR-9.

5. 5

   Advisory on GST corrections

   Recommend corrective action for identified gaps.

Frequently Asked Questions