GST Audit

What is GST Audit?

GST audit is a comprehensive examination that goes beyond just financial records. It involves scrutinizing statements, records, returns, and related documents submitted by registered persons. The audit aims to ensure the accuracy and integrity of the information provided in these documents. Specifically, it verifies whether the details such as sales, output tax paid, input tax refund claimed, and input tax credit (ITC) availed, as stated in the annual report, are indeed true and fair.