GST Return & Audit
About GST Return & Audit
GST Return: Filing a GST return involves reporting the sales, purchases, output tax, and input tax credits to the tax authorities. Businesses must file GST returns periodically to comply with tax regulations and settle their tax liabilities.
GST Audit: A GST audit is an examination of a business's records, returns, and financial statements to ensure compliance with GST laws. Conducted by tax authorities or certified professionals, it verifies the accuracy of GST filings and identifies any discrepancies or non-compliance issues.