GST Audit

GST AUDIT

What Is GST Audit?

As per section 35(5) of the CGST act, every registered taxpayer whose turnover is more than Rs 2 Crores in a particular financial year needs to get their books of accounts audited from a practicing chartered accountant or cost accountant. Registered taxpayer needs to submit copy of audited financial statements &
reconciliation statement in form GSTR 9C. It is required by the tax department once in a financial year.