Tax Audit & GST Audit
Our Services
Have Questions?
We're Here to Answer Any Of Your Questions. We Normally Respond Within 2-4 Hours!
Meticulous Statutory Audits, Financial Verification, and Audit Representation
Auditing is the systematic examination and independent verification of financial records to ensure statutory compliance, accuracy, and adherence to accounting standards.
Our expert Chartered Accountants conduct thorough Income Tax Audits under Section 44AB and GST Annual Reconciliations, safeguarding your enterprise against scrutiny, penalties, and tax leakage.
1. Statutory Tax Audit Under Section 44AB
Turnover Thresholds: Mandatory for businesses with annual turnover exceeding INR 1 Crore (exemption up to INR 10 Crores if 95% of receipts and payments are digital) and professions with gross receipts exceeding INR 50 Lakhs (INR 75 Lakhs under digital conditions).
Audit Report Forms: Detailed filing of Form 3CA/3CB (Audit Report) along with 44-point statement of particulars in Form 3CD.
2. Key Objectives of a Section 44AB Audit
Verify that books of accounts are properly maintained as per Section 44AA.
Check compliance with TDS provisions, cash transaction limits (Sections 40A(3), 269SS, 269T), and depreciation schedules.
Report tax disallowances and ensure accurate reporting of net taxable profits.
3. GST Annual Audit & GSTR-9C Reconciliation
Comprehensive review of outward and inward supply ledgers against monthly GSTR-1 and GSTR-3B filings.
Preparation of Self-Certified Reconciliation Statement in Form GSTR-9C matching GST portal declarations with audited balance sheets.
Identification of unclaimed ITC or short-paid tax liability to rectify errors before departmental assessment.
4. Audit Preparation Workflow
Step 1 - Data Verification: Extracting trial balances, bank reconciliations, and stock ledgers.
Step 2 - Statutory Checking: Cross-verifying TDS remittances, E-way bill records, and foreign exchange transactions.
Step 3 - Draft Audit Discussion: Presenting audit observations and recommended accounting adjustments to management.
Step 4 - Digital Signature & Filing: Uploading certified audit reports onto the Income Tax and GST portals verified via CA DSC.
5. Representation Before Assessing Authorities
Providing expert representation during income tax scrutiny assessments and GST departmental inspections.
Drafting detailed submissions and paper books in response to assessment notices.
Conclusion:
Professional tax and GST audits enhance financial governance and provide complete legal peace of mind during statutory assessments.