Whether you have a best GST Audit services in delhi requirement or a GST return, we offer a wide range of exclusive services. We will help you organize, analyze, and manage your financial documents with quality.
GST – Goods and Services Tax is one tax system to subsume all other taxes. To bring one nation, one Tax into work, the government of India Launched GST. To ensure GST is paid and the refund is claimed by the right person, GST laws came into the picture. GST Audit is a subject under GST that requires individual taxpayers and businesses to Audit their financial documents.
The audit is a procedure to analyze financial records, documents, and other financial data to file taxes and returns. The main aim of performing a GST Audit is to ensure the accuracy of taxes charged, turnover reported, and input tax credit used. To ensure accuracy of rebate received, and to determine the requirements of GST law. Professionals like Chartered accountants, cost accountants, and lawyers can help you comply with GST laws.
Whether you’re an individual or a business, the accuracy of GST Audit Services in delhi can be offered by experts.
For any business and individual payment of taxes and filing of returns within the due date to avoid any penalty. There are certain limits for GST audit Servicesin delhi.
As per the recent changes in the budget proposal, GST AUDIT(GSTR-9C) is not mandatory for professionals ( effective after Feb 01, 2021). Businesses and individuals can file GST annual return GSTR-9 with self-certification.
Turnover | GSTR 9 | GSTR 9C |
Up to 2 crore | Optional | Not-applicable |
2 Crore – 5 Crore | Mandatory | Optional |
Above 5 Crore | Mandatory | Mandatory |
Note: if mandatory, can be filed through self-certification (no professional signature is required)
Type of Tax Payer | GST Report | Due date |
Turnover below 2 Crore | GSTR 9A | On or before 31st December |
Turnover Above 2 Crore | GSTR 9C | On or before 31st December |
People who are registered taxpayers and those individuals or businesses who have a turnover of more than 2 Crore in a financial year are liable for GST Audit services in delhi. It is important/ mandatory for businesses to get their account to be audited by a practicing Chartered Accountant. The GST turnover is the same for all states and UTs for registered taxpayers.
General Audit: General Audit is needed to give 15 days prior notice on Commission orders. The Audit is performed by a CGST/SGST Commissioner or authorized official.
Turnover Audit: Taxpayers with turnover up to or more than 2 Crore in an FY need to get their books audited by any Chartered Accountant or Cost Accountant.
Special Audit: It is conducted on prior approval of the Commissioner and on the order of the duty Commissioner. It can be performed by any Chartered accountant or cost Accountant nominated by commissioners.
Audit GST is the process of analyzing the financial documents, records, and returns that are maintained as per GST laws in India. As per the CGST act, every registered taxpayer individual whose turnover is more than Rs 2 Crore in a financial year needs their accounting books audited by a Chartered Accountant or by self-certification ( as per the amendment effective on Feb 01, 2021). The individual/tax Payer should submit a copy of audited financial statements in form GSTR 9C. The documents are required by the tax department once a financial year.
If a registered taxpayer has a turnover of more than 2 Crore in a financial year. They need to get their account audited by a Chartered Accountant or cost accountant. The individual or organization can appoint accountants for Auditing.
The financial turnover calculated is PAN-based which means if the turnover under PAN-based calculation is more than 2 Crore, the person or organization is liable for GST Audit.
Under this section, a commissioner or authorized official by him in a general or specific order can undertake an Audit of any registered person. These Audits are generally taken under special cases as specified in the act.
To begin with, you need to appoint a GST auditor. A GST auditor is a professional who will analyze the financial statements and file GST returns. Partner, proprietor, or Board of directors of a company will appoint the auditor at the beginning of FY.
The main aim of the auditor and Audit report is to ensure you comply with all GST provisions and laws in order to avoid legal complications.
We at Lax n Tax Associates offer excellent and efficient quality best GST Audit servicesin delhi . From individuals to businesses in all industries, we offer our top-notch services. We have a strong, well-experienced, and passionate team ready to take on complex GST requirements. We strongly believe that if you do not understand your numbers, you cannot know your business. Lax N Tax is here to help you understand your numbers. Get your best GST Audit Services in delhi Now.
Mandatory GST Audit checklist that we follow at all costs:
Auditing and checking of GSTR3B concerning GSTR 1 & GSTR 2A which include interest and penalties in GST, Amendment in GSTR.
Our experience in accounting and financial expertise with GST. We have been offering our solutions to a wide range of clients over the years. which allows us to use our expertise for finding the right solutions. We work with our clients to offer effective solutions that fit their needs. We analyze the business requirements and provide accuracy in our accounting services. Enabling your business to grow, take the right decisions, and avoid any legal complications. We are offering solutions for complex GST requirements for businesses in different industries.
A GST Audit is not a box full of dread. You don’t have to be worried about your GST returns and Auditing. We provide best GST Audit services in delhi and audits in the simplest way. For individuals and businesses, our tax preparation is organized and carefully reviewed. We ensure you develop strong financial stability throughout the year.
While Most firms are happy to make professional relations, we treat our clients as family. We understand your business requirements as our own and work with passion and consistency. Our team at Lex N Tax believes in building long-term relationships with clients rather than one-time service. At Lax N Tax Associates we enjoy collaborating with our clients and delivering efficient work with passion. We try to understand our client’s issues, resolve questions, and help you overcome your hurdles proactively with the right solutions.
We believe in offering transparency to our clients. Our packages are customizable and personalized to fit your business needs. We offer upfront and fixed pricing for our services. To ensure we have a clear understanding of what they are getting, and what they will pay. Our services and prices will not have surprises, you will receive what you were promised.
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