Indian GST Audit Preparation: Checklist for Small & Medium Businesses
Prepare for a department audit or systemic review by matching your GSTR-1, GSTR-3B, and financial ledgers.
GST Audit Preparedness
A robust audit preparation includes reconciling GSTR-1 sales with GSTR-3B filings, checking GSTR-2B input claims, and auditing RCM self-invoices. Keep digital copies of delivery challans, export invoices, and FIRCs organized to handle query letters swiftly.
Reconciliations to Perform
- GSTR-1 vs GSTR-3B sales figures.
- GSTR-3B vs GSTR-2B Input Tax Credit.
- GST ledger books vs bank statements and income tax records.
CA Amit Sharma
Verified Advisory LeadAmit is a Chartered Accountant (ICAI membership #409214) and FEMA compliance advisor with over 8 years of experience advising technology startups, digital marketing agencies, and remote professionals on zero-rated GST exports, DTAA declarations, and RBI inward remittance audits.
Disclaimer: The information provided above is for educational purposes only and does not constitute formal legal or financial advice. Please verify details using official circulars issued by the Central Board of Indirect Taxes & Customs (CBIC) and RBI.