What is GST AUDIT ? DO AUTHORITY CHECK ALL TRACTION MANUALLY?

[Dinesh kumar]

Who is liable to get their accounts audited under GST?

 

Which documents and records are required during a GST audit?

 

What are the consequences of non-compliance or discrepancies found in a GST audit?

 

What are the difference among GSTR 3B , 9 and 9C?

AI Summary

GST statutory audit under Section 35(5) requires CA/CMA review; non-compliance can trigger reassessment, penalties, ITC reversal Under GST, registered persons meeting statutory audit thresholds or specified classes must get their accounts audited by a chartered accountant/CMAs; thresholds and categories are set by law. Auditors and tax authorities review books, invoices, purchase/sales ledgers, GST returns, payment challans, e-way bills, bank statements and ITC records. Non-compliance or discrepancies can trigger reassessment, demands for tax, interest, penalties and potential prosecution or ITC reversal. GSTR-3B is the monthly self-declared summary and payment form, GSTR-9 is the annual return, and GSTR-9C is the audited reconciliation between annual return and audited accounts. Authorities use data analytics and risk-based selection rather than manually checking every transaction.