An GST audit checklist is an invaluable tool for comparing a business’s practices and processes to the requirements set out by ISO standards.GST audit is an independent assessment of how effective an organization’s risk management, processes, and general governance is. The GST audit checklist contains everything needed to complete an GST audit accurately and efficiently.
GST audits can be scheduled as frequently as your organization determines is needed in order to improve processes. Some businesses schedule audits once a year, every quarter, or even once a month, at most.
The GST audits will review a few areas of your organization, including::
Audit Planning | Execution | Execution |
---|---|---|
Task_Assignment | Accounts and Records | Place Of Supply |
Closure | Planning | |
Documents Related To Supply | Reconciliations Books Vs Portal | |
Filling Of Returns | Refunds | |
GST Payments | Reverse Charge Mechanism | |
GST Registration Certificate | Supply | |
Input Tax Credit | Time of supply | |
Input Service Distribution | Valuation Of Supply | |
Job Work | Miscellaneous |