https://www.taxtmi.com/article/detailed?id=8317 Registered persons above the turnover threshold must furnish audited accounts and a certified reconciliation in FORM GSTR 9C, creating a GST audit obligation focused on verifying returns, taxes paid, refunds claimed and input tax credit. Although existing audited financials may be attached, the statutory definition of audit supports an examination of GST specific records, producing debate over the need for a separate GST audit. Professional audits and retained advisers promote early error detection, stronger controls, clearer bona fide positions and reduced exposure to delayed departmental assessments, while auditors bear increased professional responsibility under GSTR 9C verification requirements. en-us Thu, 10 Jan 2019 11:27:35 +0530 Thu, 10 Jan 2019 11:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8317 Registered persons above the turnover threshold must furnish audited accounts and a certified reconciliation in FORM GSTR 9C, creating a GST audit obligation focused on verifying returns, taxes paid, refunds claimed and input tax credit. Although existing audited financials may be attached, the statutory definition of audit supports an examination of GST specific records, producing debate over the need for a separate GST audit. Professional audits and retained advisers promote early error detection, stronger controls, clearer bona fide positions and reduced exposure to delayed departmental assessments, while auditors bear increased professional responsibility under GSTR 9C verification requirements. Articles Goods and Services Tax - GST Thu, 10 Jan 2019 11:27:35 +0530 https://www.taxtmi.com/article/detailed?id=8317