📌 Preparing for a GST Audit? Don’t Miss These Documents!

 

GST Audits require detailed records and proper documentation to ensure compliance with GST laws. Here’s a checklist to help you get audit-ready:
1. GST Returns
GSTR-1: Outward supply details.
GSTR-3B: Monthly summary of sales, ITC, and taxes paid.
GSTR-9 & 9C: Annual returns and audit reconciliation statements (for applicable businesses).
2. Financial Records
Profit & Loss Statement
Balance Sheet
Cash Flow Statements
3. Tax Invoices
Sales invoices issued during the year.
Purchase invoices supporting ITC claims.
Debit and credit notes.
4. ITC Reconciliation
Matching GSTR-2B (auto-drafted ITC) with purchase records.
Proof of eligibility for ITC claims.
5. Payment Documents
GST payment challans.
E-way bills for goods transported.
6. Additional Records
Bank statements.
Contracts and agreements affecting tax liabilities.
Details of advances received and paid.

Need guidance on GST audit preparation? Let’s connect and simplify the process for you!

hashtag#GSTAudit hashtag#TaxCompliance hashtag#GSTReturns hashtag#AuditPreparation