Eye Share : Issues and challenges revolving around GST audit & annual return and precautions for compliances

GST Audit is applicable to every registered person whose aggregate turnover in a financial year exceeds Rs. 2 Crores which has to be computed for company on PAN India basis and not individually for each State. GST Audit has to be done by a Chartered Accountant or Cost Accountant and shall include reconciliation between Audited Financial Statements and turnover declared in annual return.Mr. Jitendra Patel (Deputy Manager, N.A Shah Associates LLP) along with...