GST Audit Services in India
At Wisi Pay, we specialize in providing comprehensive GST audit services that help businesses across India stay compliant with the Goods and Services Tax (GST) regulations. Our team of experts helps businesses navigate the complexities of the GST audit process, ensuring that your financial records, GST returns, and tax filings are in line with the CGST Act, 2017. Whether you're a small business or a large corporation, our services simplify the audit process and reduce the risk of penalties or legal complications.
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Customer Satisfaction Rate
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Businesses Served
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Reduced GST Compliance
Serving Brands With ❤️
GST Return Reconciliation
We assist businesses in reconciling their GST returns with the books of accounts to ensure accuracy and transparency.
GST Compliance Assessment
We evaluate your business’s compliance with GST regulations, ensuring all required documentation is maintained and returns are filed on time.
GST Audit Report Preparation
Our experts prepare comprehensive GST audit reports that clearly outline any discrepancies or areas for improvement.
Turnover Verification for GST Audit
We help businesses verify their annual turnover to ensure they meet the required threshold for GST audits as per Section 35(5).
GST Audit for Input Tax Credit (ITC)
Our services include verifying the eligibility of input tax credits claimed by businesses, ensuring compliance with GST rules.
GST Consulting & Advisory Services
We offer expert advice to businesses to ensure they understand GST-related obligations and make informed decisions about their tax planning.
Our GST Audit Services
We offer a range of services tailored to meet your unique business needs. From initial audit assessments to comprehensive compliance checks, Wisi Pay ensures your business is always prepared for any tax authority audits.
Understanding the Key Provisions of the CGST Act, 2017
GST audits are governed by several provisions outlined in the CGST Act, 2017. Understanding these provisions is key to ensuring that your business is always in compliance.
Section 2(13) of the CGST Act, 2017
Section 2(13) of the CGST Act defines the term “audit” as an examination of records, returns, and other documents maintained by the taxpayer to ensure compliance with the GST laws. A GST audit is essential for verifying that all GST payments, returns, and input tax credit claims are correct.
Section 35(5) of the CGST Act, 2017
Section 35(5) of the CGST Act specifies the turnover threshold for businesses that are required to conduct a GST audit. According to this section, any business with an annual turnover exceeding ₹2 Crore in the previous financial year must undergo a GST audit.
Section 65 of the CGST Act, 2017
Section 65 allows tax authorities to initiate an audit of a business to ensure proper tax payment and adherence to the GST rules. The authorities can audit your business at any time if they suspect non-compliance or discrepancies in your records.
Section 66 of the CGST Act, 2017
Section 66 provides for a special audit, wherein the tax authorities can require businesses to undergo a detailed audit by a Chartered Accountant or Cost Accountant. This audit is typically initiated if there are doubts regarding the taxpayer’s GST filings or financial statements.
Major Features of Our GST Audit Services
Our GST audit services come with a host of features designed to simplify and streamline the audit process for your business.
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Expert Team
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Timely Reports
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Risk Minimization
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Custom Solutions
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Transparency
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Comprehensive Audits
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Why Choose Wisi Pay for GST Audits?
Choosing Wisi Pay for your GST audit services means partnering with a team that understands the intricacies of GST laws and is committed to your business’s success.
In-depth Knowledge of GST Laws
Our experts are well-versed in all provisions of the CGST Act, 2017.
Risk Reduction
We minimize the risk of non-compliance and costly penalties.
Customized Solutions
Our services are tailored to meet the specific needs of your business.
Timely Completion
We ensure that your GST audit is completed accurately and on time.
Our Numbers Speak for Us
At Wisi Pay, our GST audit services are trusted by hundreds of businesses across India. Here are some milestones:
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Customer Satisfaction Rate
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Businesses Served
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Reduced GST Compliance
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Latest News & Updates
Stay updated with the latest GST-related news and regulatory changes. We provide timely insights to help businesses stay ahead in the ever-evolving GST landscape.
Online Banking for Small Businesses
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Online Banking for Small Businesses
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Online Banking for Small Businesses
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Online Banking for Small Businesses
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Frequently Asked Questions (FAQs)
Stay updated with Wisi Pay’s latest features, industry insights, regulatory changes, and product enhancements with everything you need to stay ahead in the evolving payment technology landscape.
A GST audit is an examination of your business's GST records and returns to ensure compliance with the GST laws.
Businesses with an annual turnover exceeding ₹2 Crore must undergo a GST audit, as per Section 35(5) of the CGST Act.
Failing a GST audit may result in penalties, fines, or legal consequences. It’s important to comply with all GST filing requirements.
We offer comprehensive GST audit services, including return reconciliation, compliance assessments, and audit report preparation.
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