GST Compliance Review

Periodical Compliance Review

Comprehensive review covering all GST-impacted functions — sales, procurement, inventory and finance — also supporting mandatory GST annual audit for turnovers above Rs 2 crore.

• Review of outward supplies, tax rates, exemptions and export benefits
• ITC eligibility, documentation and transitional credit carry-forward
• Procedural compliance: registrations, returns, payments and disclosures
• Reverse charge compliance review on a sampling basis
• Internal control assessment and improvement suggestions

Area-Specific Reviews

Focused reviews of specific functions where targeted scrutiny delivers the most value.

• Sales, procurements, exports or GST credit deep-dives
• System review: processes, procedures and documentation audit
• Agreement review for GST optimisation and compliance
• Assessment of pending disputes and refund cases from erstwhile laws (Central Excise, Service Tax, VAT)

GST Due Diligence Review

Essential for business restructuring, mergers and acquisitions. We identify indirect tax exposures that could transfer to the new entity, analyse increased GST litigation risk, and suggest alternative structuring to optimise tax incidence.

• Identification of areas of non-compliance and potential threats
• Assessment of litigation spill-over risk post-restructuring
• Remedial measures and alternative structuring strategy

Review Before Departmental Audit

Departments are issuing audit notices and demands in significant volumes. The cost of unearthed non-compliance — high interest and penalties up to 100% — is severe. We know where departments typically look and pre-emptively address those areas. Our partners are also authors of the GST Audit Handbook: Government Perspective.

• Pre-audit risk assessment across all target areas
• Immediate-action recommendations to minimise litigation exposure
• Documentation readiness review

Compliance Review to Support Auditors

Statutory, tax and internal auditors now have expanded reporting obligations that include indirect tax compliance. We assist chartered accountants and other professionals in meeting these obligations — often uncovering significant tax planning opportunities for the client in the process.