GST Audit at MAG

Our team can deliver following in GST Audit:

• Monthly comparison of Input Tax Credit between returns and books of accounts
• Finding mismatch or discrepancies in ITC
• Consultancy on eligibility, reversals or re-claim of ITC
• Monthly review of output tax liability
• Reconciliation of value of supply declared in annual returns with audited financial statements
• Applicability and treatment of transactions covered under Reverse Charge Mechanism(RCM)
• Recommendations on better internal controls for increasing efficiency
• Providing cost of non-compliance matrix
• Timely providing of reports or statements mandated under GST law

What is GST Audit?

GST audit means an examination of statements, records, returns and related documents furnished by the registered persons. GST Audit is conducted to verify whether the sales, output tax paid, input tax refund claimed, and ITC availed stated in his annual report are true and fair or not. GST audit is a reconciliation statement of audited financial statements with the annual return furnished. Further, a GST audit also assists in assessing whether the taxpayer is obedient with provisions of GST. MAG is the best GST Audit Firm in West Delhi. We have a team of experienced GST consultants in Delhi to provide you with the best audit services.