GST Audit is the process of examining a taxable person’s records, returns, and other documentation. There are 3 types of audits as mandated by the GST law, they are – Statutory GST Departmental Audit, and Special Audit. In this article, we have covered the GST departmental audit and how you can handle it better.
An audit is a term that is generally used for official inspection and verification of documents by an Independent body, usually for financial accounts.
The GST collection has started showing signs of recovery with the monthly collection crossing 1 lakh crore for 2 consecutive months.
