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Ensuring accuracy, compliance, and efficiency in Goods & Services Tax reporting.
Why GST Audit Matters
The Goods & Services Tax (GST) regime requires businesses crossing prescribed turnover thresholds to undergo a GST Audit. This is not just a compliance exercise, but a detailed review of tax reporting, input credits, and reconciliations.
A GST Audit helps:
- Ensure accurate reporting of outward and inward supplies
- Verify Input Tax Credit (ITC) claims and reversals
- Detect errors, mismatches, or fraudulent claims
- Minimize interest, penalties, and litigation risk
- Build credibility with tax authorities and stakeholders
Without a proper GST audit, businesses risk:
- GST mismatches (GSTR-1, GSTR-3B vs. books of accounts)
- Reversal or denial of ITC claims
- Penalties & interest under GST laws
- Increased chances of departmental scrutiny
Our GST Audit Services
- Turnover Threshold GST Audits - Mandatory audits for businesses exceeding prescribed turnover
- Annual GST Reconciliation - Matching GSTR-9/9C with books of accounts
- Input Tax Credit Verification - Review of ITC claims, reversals & blocked credits
- Reconciliation with GSTR-1, GSTR-3B & Books - Ensuring reporting accuracy
- GST Health Check - Proactive review of compliance gaps and risk areas
- Departmental Audit Assistance - Representation during GST authority audits
- Sector-Specific Advisory - GST treatment for manufacturing, exports, IT/ITES, trading, and services
- Compliance Automation - Dashboard-driven reconciliation & tracking
Why Choose FinnovateAI?
- CA-Led Audit Expertise - Backed by professionals with deep GST domain knowledge
- Tech-Driven Accuracy - Automated reconciliations using advanced tools
- End-to-End GST Support - From return filing to audit to representation
- Risk Minimization - Detect errors early and avoid penalties
- Industry-Specific Insights - Tailored audits for SMEs, corporates, and startups
- Proactive Advisory - Not just reporting issues, but suggesting fixes
Our Process
- Data Gathering - Collect GST returns, books of accounts & supporting docs
- Reconciliation - Match GSTR-1, 3B, 9/9C with financial statements
- ITC Review - Validate input tax claims, reversals, and blocked credits
- Risk Assessment - Identify errors, mismatches & compliance gaps
- Audit Report & Filing - Prepare and file GSTR-9C (if applicable), issue audit report
- Representation & Advisory - Handle departmental queries and future compliance planning
Who Needs It?
- Businesses with turnover above prescribed GST limits
- Exporters & Importers requiring ITC verification and compliance checks
- Corporate Groups with multi-state GST registrations
- SMEs & Startups seeking compliance confidence
- Sector-Specific Entities - IT/ITES, e-commerce, logistics, FMCG, pharma, manufacturing
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