TaxTMI 
TaxTMI 
1 GST audit and Rs.1.04 crore at stake.
X X X X Extracts X X X X
X X X X Extracts X X X X
.... GST audit and Rs.1.04 crore at stake.<br>By: - Pradeep Reddy<br>Income Tax<br>Dated:- 6-6-2025<br>🚨 1 GST audit and Rs.1.04 crore at stake. Audits today don't look at last year. They dig 3 to 5 years deep. And they assume intent to evade ...unless you prove otherwise. That's what happened to a funded D2C brand we worked with. The Show Cause Notice wasn't because of tax evasion. It w....
X X X X Extracts X X X X
X X X X Extracts X X X X
....as because their house wasn't in order. → GSTR-9C and financials didn't match → Cross-charge was missing → Refunds had shaky documentation → ITC wasn't reversed under Rule 42/43 → Vendors weren't compliant ...and nobody was tracking it So, what's the fix? You need to run your audit before the officer does. And for that, we built... The 10-Point Checklist CFOs are ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....using to stay audit-ready: 1. Match GSTR-2B, 3B & Books 2. Fix inter-GSTIN transactions 3. Audit export & refund docs 4. Ensure ISD compliance (April 2025 onwards) 5. Match GSTR-9C & financials 6. Track vendor compliance & 180-day rule 7. Respond to DRC-01As 8. Value branch/related-party supplies accurately 9. Justify Section 17(5) credits 10. Maintain a single audit file This checklist....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... isn't a theory. It's what we use with high-growth clients. Because when the audit hits... You don't get time to explain. You only get time to defend. Want a copy of this checklist? Comment "Audit Ready" and I'll send it over. <br> Scholarly articles for knowledge sharing by authors, experts, professionals ....