Ensures Compliance with GST Laws
A GST Audit helps in ensuring compliance with GST laws and regulations.
A Comprehensive Guide to Compliance and Assurance. GSTR-9C is an essential form for annual GST reconciliation filed by applicable taxpayers.
A GST Audit is a comprehensive examination of a taxpayer's financial records to verify the accuracy of returns filed under the Goods and Services Tax law. It ensures that all GST payments, claims, and credits are correctly reported and compliant with government regulations. At AXIAFIN, we provide end-to-end GST audit services in Hyderabad, helping businesses maintain compliance and avoid penalties.
GSTR-9C is a reconciliation statement that compares the figures reported in the annual GST return (GSTR-9) with the audited financial statements of a taxpayer. It highlights any differences between the two and ensures that all GST transactions are properly accounted for.
The GSTR-9C audit applies to all registered persons under GST whose aggregate turnover exceeds ₹5 crore during the financial year. Note: The turnover limit for GSTR-9C has been enhanced to ₹5 crore for FY 2018–19 to FY 2022–23 as per CBIC notifications.
The GSTR-9C form must be filed on or before 31st December of the following financial year — the same due date as GSTR-9 (annual return). For example, the due date for FY 2022–23 was 31st December 2023. However, the government may extend this date through official notifications.
A GST Audit helps in ensuring compliance with GST laws and regulations.
Helps in identifying discrepancies between GST returns and financial statements.
Reduces the risk of penalties or notices from authorities.
Enhances the credibility and transparency of financial statements.
Provides a verified and reconciled view of tax data for business stability.
Annual GSTR-9 plus reconciliation in GSTR-9C handled together by senior CAs.
We provide end-to-end GST audit services in Hyderabad — from monthly reconciliation right up to the annual GSTR-9C filing. Our senior CAs hold deep expertise on GST law, ITC reconciliation, GSTR-2A/2B matching, and departmental representation, helping businesses maintain compliance and avoid penalties.
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Compare books with GSTR-1, GSTR-3B, and GSTR-2A/2B.
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Annual return finalised with itemised disclosures.
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Statement bridging books with annual return prepared.
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Forms uploaded on the GST portal by the 31st December due date.