Pune, MH, India
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What is GST Diagnostic Audit?
GST (Goods and Services Tax) Control Checks and Diagnostic Reviews are conducted to ensure the effectiveness of tax compliance and reporting processes. These reviews are aimed at identifying potential risks and opportunities, exploring options to mitigate the risks, and improving internal controls, records, and documentation.
A GST Diagnostic Check or Audit is an examination of a company's GST compliance, which includes a review of their GST returns, books of accounts, and other relevant documents.
Benefits of GST Control Check
- Rectifying previous filling fallacies: The check helps to identify any errors in past GST returns and rectify them, thus avoiding any penalties or legal action.
- Reporting blowoffs: The check helps to identify any discrepancies in the reporting of GST and ensure that the company is reporting accurately.
- All GST compliances from past to future: The check ensures that the company is compliant with all GST provisions from the past and is set up to comply with future regulations.
Why you need GST Diagnostic Check?
A GST Diagnostic Check/Audit helps companies to ward off any GST legalities and redeem their books, ensuring they comply with all the rules and regulations. Be proactive and get a GST Diagnostic Check than wait for a notice from the government.
Who should opt for it?
- Dealers with complex GST Structures like real estate, manufacturing, Travel Industry etc
- Dealers with challenging GST issues
- Ideally every dealer registered under GST
GST Control Checks & Diagnostics Reviews aims at achieving the following:
- Effectiveness of GST Compliances & Reporting processes
- Identifying potential Risks and Opportunities w.r.t GST
- Exploring options to mitigate the risk
- Improvements in Internal Controls, Records and Documentation
- Design a Tax framework consisting of Tax Policies, Internal Controls, Responsibility Matrix & MIS Reports
- Consistency in implementations of Tax Policies across business divisions/ verticals
Why Mandar Borse GST Advisory ?
- We help you align to GST Regime
- We offer best GST strategies
- We help you rectify any tax fallacies
- We help you mitigate potential risks & optimize tax position
