GST audit deadline’s close! When is taxpayer chosen for audit? What are kinds of audit? All you need to know

After one year of Goods & Services Tax (GST) regime, it is now critical for the taxpayers to start focusing on various GST compliances such as reconciliations, annual return and GST audit certification. All of these compliances will form an important basis for the first audit/scrutiny/assessment under the GST law. The law prescribes multiple audits conducted by or on behalf of the authorities…