GST Audit is the procedure of inspection of records, returns, and other documents retained by a taxable person. The objective is to authenticate the accuracy of turnover declared, taxes paid, refund claimed and input tax credit availed, and to evaluate the compliance with the provisions of GST. GST Audit report is to be filed in the GSTR-9C. GSTR-9C is a statement that reconciles the information from the yearly returns filed under GSTR 9 (Annual Return) for a given financial year with the data from the taxpayers audited annual financial statement.
GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST. It contains details concerning the outward and inward supplies made/received during the relevant previous year under various tax heads i.e. CGST, SGST & IGST, and HSN codes.It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed in that year. However complicated, this return assists in the extensive reconciliation of data for 100% transparent disclosures.