Companies rush to reconcile financial results with state wise audit, seek extension of deadline

As the date for Goods and Services Tax (GST)  audit nears, many companies and banks fear they will not be able to comply with separate audits of all the states by the end of the year as required by the  GST framework because they do not reconcile their  financial results with state wise returns. Many companies have also reached out to the government and sought an extension of the de…