IT & GST Audit
IT & GST Audit services in Banglore
Our experienced tax consultants conduct detailed audits, ensuring your financial records are in line with regulatory requirements. Whether you need an internal GST audit, tax compliance review or IT scrutiny assistance, our experts handle everything seamlessly.
What We Cover in a GST Audit:
Verification of GSTR-1, GSTR-3B and GSTR-9 filings, Checking for input tax credit (ITC) mismatches, Ensuring correct GST rates are applied, Identifying GST payment errors, Reviewing e-way bills and invoices.
What We Cover in an IT Audit:
Verification of income tax filings, Checking financial statements & ledgers, Ensuring accurate TDS and tax deductions, Identifying errors in tax payment, Assisting in case of IT scrutiny notices.
IT & GST Audit Process- How we work
Our IT & GST audit process includes data collection, compliance evaluation and error detection to identify mismatches, incorrect ITC claims and tax filing issues. We provide a detailed audit report, rectify errors and assist in final submission, ensuring full compliance while helping businesses avoid penalties.
- Gather financial statements, GST returns and income tax filings.
- Audit Planning & Analysis – Evaluate transactions, invoices and compliance status.
- Error Detection & Compliance Check – Identify tax mismatches and incorrect ITC claims.
- Report Preparation & Rectifications – Provide a detailed audit report with corrections.
- Final Submission & Support – Help in filing revised returns, responding to tax authorities.
Why Choose Sai Taxation & Accounting Consultancy?
At Sai Taxation & Accounting Consultancy, we are a trusted IT & GST audit firm in Bangalore, dedicated to helping businesses stay 100% tax-compliant, With over 10 years of expertise in handling GST and income tax audits,our experienced consultants conduct comprehensive audit checks to identify and eliminate tax risks. We ensure businesses avoid unnecessary penalties by detecting and correcting compliance errors before tax authorities issue notices. Our structured audit process ensures fast, hassle-free tax filing and compliance, reducing delays and errors. From error rectifications to final tax return filings, we provide end-to-end support, allowing businesses to focus on growth while we handle all their audit and tax-related needs.
Our Expertise
Our IT & GST audit process begins with a comprehensive consultation and data collection phase, where we gather all necessary financial statements, GST returns and income tax filings to understand your business’s tax position. Once we have the required documents, we move on to audit planning and analysis, where our experts carefully evaluate transactions, invoices and compliance status to identify potential discrepancies.
Next, we conduct a detailed error detection and compliance check, ensuring that there are no tax mismatches, incorrect Input Tax Credit (ITC) claims, or non-compliance issues that could lead to penalties. If any issues are found, we proceed with report preparation and rectifications, where we generate a structured audit report that outlines necessary corrections and compliance solutions to ensure your tax filings meet legal requirements.
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Frequently Ask Questions
Explore Our Frequently Asked Questions (FAQs) for Hassle-Free Business Compliance!
A GST audit is a detailed examination of GST filings, invoices and tax payments to ensure compliance with GST laws. Businesses with an annual turnover of ₹5 crore or more are required to undergo a GST audit as per the GST Act.
Failure to comply with GST audit requirements can lead to penalties, interest charges and legal scrutiny from tax authorities. Penalties can be 10% of the tax due or ₹10,000, whichever is higher.
Visit the GST portal, enter your ARN (Application Reference Number) and check your GST registration status online.
- Financial statements (balance sheet, profit & loss)
- GST returns and invoices
- TDS records
- Bank statements & tax payment challans
- Details of fixed assets and liabilities
Businesses should ideally conduct an internal audit every quarter to ensure compliance with Income Tax, GST and financial regulations. Regular audits help identify tax risks and prevent penalti
The penalty for incorrect GST filing can be:
- 10% of the tax due or ₹10,000, whichever is higher
- 18% interest per annum on unpaid tax
- Additional penalties for repeated violations
The duration of an IT or GST audit depends on the complexity of the business. On average:
- Small businesses: 7-10 days
- Medium-sized businesses: 10-15 days
- Large enterprises: 15-30 days
- Organize financial records – Keep invoices, tax filings and ledgers updated
- Reconcile tax payments – Ensure GST, TDS and IT payments are accurate
- Review past audits – Address any discrepancies noted previously
- Consult an expert – Hire a professional tax consultant to avoid errors
Yes, businesses that intentionally evade GST payments may face legal notices, penalties or even prosecution under the GST Act. Severe fraud cases can lead to fines of up to 100% of the tax due and imprisonment.
Log in to the Income Tax e-filing portal, go to “Refund Status” and enter your PAN and assessment year to track refunds.
