Tax and Law Advisor

AUDIT UNDER GST

FAQs of GST Audit:

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AUDIT UNDER GST

Meaning:

In simple words, GST audit is nothing but the examination of records maintained by a registered dealer.

 

FAQs of GST Audit:

1. What is the applicability of GST Audit??

Every registered dealer whose aggregate turnover during a financial year exceeds the Rs 2 crore is required to get its account audited.

 

2. What does aggregate turnover includes??

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Aggregate turnover includes taxable, exempted, export, nil rated including non-gst supplies.

 

3. Who are eligible to conduct GST Audit??

Chartered Accountants or Cost Accountants

 

4. Whether aggregate turnover includes turnover pertaining to VAT period of April17 to June17??

No

 

5. I have HO is Tamilnadu and Branch in other 9 states. In each States I have Rs. 21 lakhs each and total turnover is Rs. 2.1 Crores. Whether I have to file GSTR9C??

Yes, For each State one GSTR9C should be filed.

 

6. What is the format of GSTR 9C??

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GSTR 9C is divided into 2 parts:

PART A- Reconciliation Statement

PART B- Certification which is drawn up by the person who had conducted the audit.

 

Excel Format

 

 

 

PDF Format :

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