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At Naveen Pandey and Associates., we provide comprehensive GST audit services to ensure compliance, accuracy, and efficiency in tax operations. Our team of experienced GST consultants in Delhi helps businesses navigate the complexities of GST regulations and reporting.

Our GST Audit Services

Our expert team offers the following services as part of the GST audit process:
 

✔️ Monthly ITC Reconciliation: Comparing Input Tax Credit (ITC) between GST returns and books of accounts to identify mismatches.

✔️ ITC Eligibility & Reversals: Consultancy on ITC claims, reversals, and reclaims to ensure compliance.

✔️ Output Tax Liability Review: Monthly analysis of output tax to ensure accuracy.

✔️ Annual Return Reconciliation: Verifying values declared in annual returns against audited financial statements.

✔️ Reverse Charge Mechanism (RCM): Determining applicability and correct treatment of RCM transactions.

✔️ Internal Control Recommendations: Enhancing efficiency through better internal controls.

✔️ Non-Compliance Cost Analysis: Providing a structured cost matrix for non-compliance to mitigate risks.

✔️ Timely GST Reporting: Ensuring accurate and timely submission of GST reports mandated by law.
 

What is a GST Audit?

A GST audit is an in-depth examination of financial records, returns, and compliance documents furnished by a registered person. It is conducted to verify the accuracy of sales, output tax payments, ITC claims, and refunds. A GST audit reconciles audited financial statements with the annual return (GSTR-9C) and ensures compliance with GST regulations.
 

At Naveen Pandey & Associates, the best GST Audit Firm in West Delhi, our team of GST experts ensures a smooth audit process that aligns with your business objectives.

Who Requires a GST Audit?

As per Section 35(5) of the CGST Act, 2017, a GST audit is mandatory for businesses with an annual turnover exceeding ₹2 crores. Such businesses must submit the following documents along with their GST Annual Return:
 

📌 Audited Financial Statements

📌 Reconciliation Statement (Form GSTR-9C)

📌 Other Prescribed Documents
 

The aggregate turnover is calculated as the total value of taxable, exempt, export, and inter-state supplies, excluding GST and inward supplies liable to RCM.
 

Checklist for a GST Audit

A GST auditor evaluates key areas to ensure compliance.

1. Registration Compliance

✅ New registration or migration from the previous tax regime

✅ Business verticals, factory, warehouse, and ISD details

✅ Inclusion of all business locations in registration

✅ Verification of required amendments
 

2. Invoicing & Documentation

✅ Tax Invoice, Bill of Supply, and Receipt Vouchers issued correctly
✅ Proper issuance of Credit Notes/Debit Notes

✅ E-way bill and transport document compliance

✅ Unique invoice numbering as per GST law
 

3. Supply Classification

✅ Categorization as taxable, exempt, export, non-GST, zero-rated, or nil-rated

✅ Proper classification of inter-state and intra-state supplies

✅ Correct classification of composite vs. mixed supply
 

4. Time of Supply (TOS)

✅ TOS for goods and services determined as per Sections 12 & 13 of CGST Act

✅ TOS compliance in case of reverse charge mechanism

✅ Handling of GST rate changes as per Section 14
 

5. Input Tax Credit (ITC) Compliance

✅ ITC claim validation with vendor invoices

✅ Reconciliation of inward supplies with monthly GST returns

✅ Checking blocked credits and ITC for non-business purposes

✅ Reversal of ITC where applicable, including non-payment within 180 days

✅ ITC bifurcation and reconciliation with GSTR-2A & GSTR-3B
 

6. Goods & Services Classification

✅ HSN/SAC classification verification

✅ Identification of changes in tax rates due to government notifications
 

7. Input Service Distributor (ISD) Compliance

✅ Correct registration and distribution of ITC

✅ Proper ITC bifurcation before distribution
 

8. GST Returns Review

✅ Reconciliation of GSTR-9 with GSTR-1 & GSTR-3B

✅ Checking for interest liabilities, late fees, and amendments
 

9. GST Collections & Payments

✅ Verification of timely tax payments

✅ Rectification of incorrect tax payments under wrong heads
 

10. Reverse Charge Mechanism (RCM)

✅ Compliance with Section 9 of CGST Act

✅ Correct ITC claim for RCM payments
 

11. Valuation of Supply

✅ Correct valuation under Section 15 of CGST Act

✅ Proper treatment of discounts and valuation rules
 

12. Place of Supply Compliance

✅ Determination of inter-state vs. intra-state supply

✅ Verification of export transactions under LUT/Bond
 

13. Refunds & Claims

✅ Refund eligibility verification and tracking of refund applications

✅ Detection of any wrong refund claims
 

14. Inward Supplies Verification

✅ Classification of inward supplies into intra-state, inter-state, and imports

✅ ITC claim accuracy and reconciliation with supplier invoices
 

15. Books of Accounts Maintenance

✅ Ensuring records are maintained electronically or manually

✅ Verification of separate records for multiple business locations
 

16. General Compliance

✅ Adherence to the anti-profiteering clause

✅ Review of department inspections or audits

✅ Assessment of previous audit reports for inconsistencies

✅ Identification of unusual transactions
 

GST Auditor Appointment

A GST auditor must be appointed as follows:

🔹 Proprietorship: By the Proprietor

🔹 Firm/LLP: By the Partners

🔹 Company: By the Board of Directors
 

Documents Reviewed During a GST Audit

📌 Register of Outward & Inward Supplies

📌 Inventory Registers

📌 Expense Ledgers & ITC Utilization Records

📌 GST Payables & Payments Records

📌 E-Way Bills and compliance documents
 

GST Audit Report Submission

The auditor must report:

✔️ Accuracy of financial records & transactions

✔️ Conformity of financial statements with books of accounts

✔️ Observations on discrepancies & reconciliation issues
 

Penalty for Non-Filing of GST Audit Report

While no specific penalty is prescribed for non-submission, a general penalty of ₹25,000 may be imposed under GST law.
 

Looking for Expert GST Audit Services?

At Naveen Pandey and Associates., we ensure seamless GST audits with accuracy and compliance.

📩 Contact Us: [email protected]