What is GST Audit?
Audit is examination of records, returns and other documents maintained or furnished by the registered person under GST Law or any other law. The examination is to verify the correctness of:
- Turnover declared;
- Taxes paid;
- Refund claimed; and
- Input tax credit availed;
And to assess his compliance with the provisions of this act or the rules made there under.
Who is required to get his accounts audited?
Every registered person whose aggregate turnover during a financial …