Audit Services & Applicability in India
One CA-led team for every audit your business needs — Statutory, Tax, GST, Internal, IT, Risk & assurance. TAXAJ verifies the accuracy of your books, ensures compliance under the Income Tax Act, CGST Act & Companies Act, and gives you a clear picture of your financial risks — accurately and on time.
An audit is the thorough, independent checking of the books of accounts by an auditor — mostly a qualified Chartered Accountant — to verify the accuracy and fairness of an organisation's financial records and confirm there is no misrepresentation or fraud. In India, audits are conducted by ICAI members, and all public listed firms must get their accounts audited by an independent auditor before declaring results.
At TAXAJ, our assurance approach starts with a deep understanding of your business and industry, which lets us design an effective, risk-focused audit plan aligned to every applicable accounting standard and regulation. From statutory and tax audits to GST audits, internal and IT audits, we give you a clear view of your financial risks and the steps to stay compliant.
🧭 Audit at a glance
- Who audits: Chartered / Cost Accountants (ICAI)
- Tax Audit: Income Tax Act, 1961 (Sec 44AB)
- GST Audit: CGST Act — GSTR-9 & 9C
- Statutory Audit: Companies Act, 2013
- Also: Internal, IT, Risk & IFRS advisory
Different Types of Audit We Handle
Whatever your obligation or objective, one team covers it — statutory to strategic.
Financial Statement Audit
Independent audit of your financials, designed around your industry and every applicable accounting standard.
Tax Audit
Verification of business / individual taxable income under the Income Tax Act, 1961 — filed on time.
GST Audit
Examination of records, returns & ITC to certify turnover, tax paid and compliance under the CGST Act.
Internal Audit
A strategic, third-party evaluation of operations, controls and risk to improve performance and value.
IT / IS Audit
Assessment of your IT infrastructure & controls to protect assets, data and information.
Risk Advisory
Identify, anticipate and mitigate business risk while meeting regulatory compliance requirements.
IFRS Transition
Assess impact and implement the move to IFRS across finance, tax, contracts and reporting.
Compliance Audit
An integrated strategy so every compliance requirement is met on time — no penalties, no reputational risk.
Our Audit Procedure — Step by Step
Define Scope
Agree the scope of work, objectives and coverage of the audit.
Plan the Audit
Map deadlines, departments and the risk-based audit plan.
Compile & Test
Gather accounts, key financial statements and supporting records; verify and test.
Auditor's Report
Issue the independent audit report with observations and recommendations.
GST Audit Applicability & Filing
Under a trust-based, self-assessment regime, GST audit verifies that turnover, taxes, refunds and input tax credit are correctly declared.
Turnover-based audit (Section 35(5), CGST Act): account auditing is applicable where a registered taxpayer's aggregate annual turnover exceeds the prescribed threshold in a financial year, certified by a Chartered or Cost Accountant.
PAN-based calculation: aggregate turnover = value of all taxable (inter-state & intra-state) supplies + exempt supplies + export/zero-rated supplies, computed PAN-wise. Once the PAN-level turnover crosses the threshold, all GSTINs under that PAN are liable to audit, even branches below the limit.
Who can audit: only a Chartered Accountant or Cost Accountant. An internal auditor cannot act as GST auditor, and a GST practitioner is not permitted to issue the audit report. Where branches have joint auditors, SA 299 applies to reporting.
Filing & reconciliation: the taxpayer furnishes audited financials, the annual return GSTR-9 (per GSTIN) and the certified reconciliation statement GSTR-9C (reconciling GSTR-9 vs audited financials, with the audit report). Any additional liability found is settled via Form DRC-03.
📌 Key records reviewed
Types of GST Audit
| Type | Performed by | When initiated |
|---|---|---|
| Turnover-based audit | CA / Cost Accountant appointed by the taxpayer | When turnover exceeds the prescribed threshold, accounts & records must be audited |
| Normal / General audit | Commissioner of CGST/SGST or an authorised officer | On order of the Commissioner, with 15 days' prior notice |
| Special audit | CA / Cost Accountant nominated by the Commissioner | On order of the Dy/Asst Commissioner with prior approval of the Commissioner |
Note: GST audit thresholds and GSTR-9C requirements have changed over the years and vary by turnover slab and financial year. Confirm your current applicability with a CA →
What the GST Auditor Certifies
- ✓Whether all requisite accounts & records are maintained
- ✓Whether the financial statements are prepared per the books at the principal / additional place of business
- ✓The accuracy of information in GSTR-9C
- ✓A clear list of audit observations, reservations or comments, if any
- ✓Any pending tax liability to be settled via Form DRC-03
📎 Documents to furnish
Audited financial statements (PAN-based) · Annual return GSTR-9 (per GSTIN) · Certified reconciliation GSTR-9C (Part-A reconciliation + Part-B audit report).
GSTR-9C can be certified by the CA who conducted the audit or by another CA. TAXAJ manages the full GST return & audit cycle for you.
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Frequently Asked Questions
What is an audit and why is it needed?
Who can perform an audit in India?
When is a GST audit applicable?
What are GSTR-9 and GSTR-9C?
How is tax audit different from GST audit?
Need an Audit Done Right?
CA-led statutory, tax, GST, internal & IT audits — one team, pan-India. Tell us your turnover and audit type and we'll scope it and quote you.