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Internal Audit under GST

Internal audit under GST is a process under which the accounts and records of the registered taxable person get audited by the certified accountant. Internal audit is carried out by examining the GST paid or payable, Input Tax Credit claimed, GST refund availed as well as by verifying the turnover of the taxpayer. How internal … Read moreInternal Audit under GST

Audit under GST

Meaning of Audit under GST Audit under GST means inspection of returns, records and other documents furnished by the taxpayer. GST Audit is carried out to check whether the turnover, taxes paid, ITC refund claimed and ITC availed mentioned in his annual report are true and fair or not. Moreover, a GST audit also helps … Read moreAudit under GST