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GST Audit Services – Ensuring Compliance & Accuracy
A GST audit is essential for businesses to ensure compliance with the Goods and Services Tax (GST) Act. It involves a detailed examination of your GST records, returns, and transactions to verify accuracy, claim eligibility, and adherence to GST regulations.
As per GST law, businesses with an aggregate turnover exceeding ₹5 crore in a financial year must file GSTR-9C, the annual GST reconciliation statement. Failing to comply with GST audit requirements can lead to penalties and legal complications.
Key Areas Covered in Our GST Audit Services:
- GST Return Accuracy Check – We verify the accuracy and completeness of GSTR filings to identify discrepancies before they become compliance risks.
- Input Tax Credit (ITC) Validation – Our experts scrutinize your ITC claims, ensuring they are valid, accurate, and compliant with GST provisions.
- Invoice & Transaction Review – We assess your purchase and sales invoices for accuracy, completeness, and adherence to GST laws.
- GST Record & Documentation Audit – We conduct a thorough review of invoices, registers, accounts, and other records to ensure compliance and preparedness for scrutiny.
- E-Way Bill Compliance – We ensure that your E-Way bill records align with GST filings, minimizing the risk of penalties.
- Regulatory Compliance Verification – We assess your business’s adherence to GST laws, rules, and notifications, reducing potential legal risks.
Why Choose Panchal S K for Direct Tax Services?
- Expert-Led Compliance Audits – Our GST specialists bring in-depth knowledge of GST laws and real-time updates.
- Technology-Driven Accuracy – We leverage advanced audit tools to streamline reconciliation and error detection.
- Proactive Compliance & Risk Mitigation – We help businesses avoid penalties by identifying and rectifying compliance gaps.
- Tailored Solutions for Your Business – Our audit approach is customized to your industry, ensuring a seamless compliance experience.