Since three years GST law exist. Tax payers are settling their duties by complying with provisions of Goods and services tax. Tax payer registered with GST reconcile input and output tax. Tax payer also submit their monthly and yearly returns. Independent chartered accountant conducts GST audit when the turnover exceeds Rs.2 crore tax payer. On need basis GST department may also prescribe chartered accountant or cost accountant for special audit. MAYRA ACCOUNTING & BOOKKEEPING provides GST registration and auditing services in Ahmedabad and other places.
At first phase inner control established by organization for GST are verified by us for GST compliance. We also check efficiency of internal controls, whether all controls are operating successfully. For instance we verify operating effectiveness of internal controls like in areas of sales, purchase,classification,recording for their completeness and execution. Our GST auditor also provides recommendation and suggestion for improvising GST accounting implementation in professional way.
Our GST tax experts verify internal company records relating to GST as GST returns, GST refunds, purchases, sales, and all other records relating to GST audit. MAB GST auditor also verifies registration certificates, classification of sales and purchases, expenses, stock, and other records pertaining to GST law as maintained by the association. GST auditors of MAYRA ACCOUNTING & BOOKKEEPING for providing GST audit services in ahmedabad and other places verify GST records for effective GST audit.
GST audit is valid when the turnover of the business entity exceeds Rs.2 crore.Audit is required to be done by independent chartered accountant or cost accountant.
Turnover in GST audit includes turnover = taxable supplies + value of exempt supplies + value of export supplies
Usually, the date of the GST audit is 31st December after completion of the financial year, but for financial year 2019-20, it has been extended to 28/02/2021.