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GST Audit Services | Logixweb Consultancy
Statutory Verification & Assurance

GST Audit

Independent verification of turnover and compliance. We assist businesses exceeding prescribed thresholds in conducting GST audits, ensuring that tax records are in absolute synchronization with financial statements.

Assurance & Compliance Framework

Managing Statutory Verification

Our GST audit services focus on verifying the accuracy of returns filed and the taxes paid by the registered person:

  • Turnover Reconciliation: Ensuring that the turnover declared in GST returns matches the audited financial statements.
  • ITC Eligibility Review: Detailed scrutiny of Input Tax Credit (ITC) claimed to ensure it meets the criteria under Section 16 & 17.
  • Classification Analysis: Verifying the correct application of HSN/SAC codes and respective tax rates.
  • Statutory Documentation: Reviewing e-way bills, tax invoices, and payment records for regulatory consistency.
  • Self-Certification (GSTR-9C): Assisting in the preparation of the reconciliation statement for applicable taxpayers.

The Regulatory Shield

Strategic Risk Mitigation

A GST audit is a vital mechanism to identify inadvertent errors before they are flagged by the department. In the regime of automated scrutiny and data analytics, even a minor mismatch in credit notes or turnover can lead to high-pitched assessments. Our team provides rigorous oversight, helping you rectify anomalies and ensuring that all statutory disclosures are complete. This proactive approach minimizes the risk of heavy interest, penalties, and the reversal of tax credits during departmental assessments.