Tax Audit vs Statutory Audit vs GST Audit: Three Laws, Three Triggers, and Which Ones Apply to You
Tax audit (Section 44AB, turnover and cash tests, 30 September), statutory audit (Companies Act for every company; LLP Rules exempt an LLP within Rs 40 lakh turnover or Rs 25 lakh contribution) and GST audit (no CA certification since 1 August 2021; self-certified GSTR-9C above Rs 5 crore, plus departmental audit under Section 65 and special audit under Section 66). Who needs which, and where one report serves two.
Sachin Mohite
@sachinjbkco
I write on GST and compliance here — registration thresholds, input tax credit and the conditions attached to claiming it, e-invoicing and e-way bill rules, the GSTR-1 / 3B / 9 return cycle, and the late fees and interest that follow a missed deadline. I work from the CGST Act, the rules made under it and CBIC circulars, and I call out the places where the portal behaves differently from what the section actually says. I'm writing for the person who has to file the return, so I state deadlines and penalty numbers plainly rather than burying them.