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GST Audit


Overview

GST Audit applies every year for those GST registered businesses (GSTIN) having turnover more than Rs.2 crore, by the sale of goods or services in the financial year. It is dealt under Sections 35(5) and 44(2) of the CGST Act.

Types of GST Audit

Types

Performed By 

            When Initiated

Turnover based Audit

Chartered Accountant or Cost Accountant appointed by the taxpayer

As per the CGST Act, if the Turnover exceeds 2 crore,^ the taxpayer has to get his accounts & records audited

Normal audit/General Audit

Commissioner of CGST/SGST or any Officer authorized by him

On order of Commissioner by giving 15 days prior notice

Special audit  

A Chartered Accountant or Cost Accountant, nominated by Commissioner

On order of Deputy/Assistant Commissioner with prior approval of Commissioner