GST audit accounting: auditors must link financial accounts, contracts and ERP controls to assess compliance.

GST audit hinges on understanding financial accounting recognition and valuation differences vis a vis GST-impacting time of supply, value of supply, supplies without consideration and post sale adjustments-and on evaluating the auditee's internal controls to determine reliance, sample design and detection of off book or related party transactions; auditors must also scrutinise contracts and sectoral accounting treatments and use ERP aware, controls based and computer assisted techniques, supported by targeted capacity building and checklists.

---

---

---