GST Audit aims to ensure compliance with GST laws, detect and prevent GST evasion, and assess the accuracy of GST returns filed by taxpayers.

GST Audits can be conducted by both GST Commissioners and GST Officers.

There are three main types of GST Audits: Regular Audit, Special Audit, and Risk-Based Audit.

The time limit for completing a GST Audit is generally 6 months from the date of commencement of the audit.

Failing to comply with GST Audit requirements can result in penalties, interest, and even prosecution.

Chartered Accountants can play a crucial role in GST Audit by representing the taxpayer, providing technical assistance, and reviewing the audit findings.

GST Audit is generally conducted before GST Assessment to gather information and evidence for the assessment process.

GST Assessment aims to determine the correct amount of GST payable, issue GST refunds to taxpayers, and impose penalties and interest on taxpayers who have not complied with GST laws.

GST Assessment can be conducted by both GST Commissioners and GST Officers.

There are three main types of GST Assessments: Provisional Assessment, Final Assessment, and Self-Assessment.

The time limit for completing a GST Assessment is generally 9 months from the end of the tax period.

Failing to comply with GST Assessment requirements can result in penalties, interest, and even prosecution.

Chartered Accountants can play a crucial role in GST Assessment by representing the taxpayer, providing technical assistance, and reviewing the assessment findings.

GST Audit is more comprehensive than GST Inspection, as it involves a detailed examination of the taxpayer's records and accounts.

GST Inspection aims to verify the accuracy of GST returns filed by taxpayers, detect and prevent GST evasion, and gather information for GST Audit.