Knowing about the importance of GST audits and refunds
GST or Goods and Service Tax is a form of Indirect Tax that is comprehensive and is levied on every value addition. This means that this tax is imposed at every point of sale and in case intra state sales are involved then the goods would be imposed with a Central GST and a state #GST.
What do you mean by GST audit?
GST #audit basically refers to auditing the reports that are maintained by a taxpayer who has registered under GST. An important check point in auditing the reports would be reconciliation of the same in the books so as to avoid the GST evasion. #business #India