GST Audit is an essential process for ensuring compliance with GST regulations. There are different types of GST audits based on specific circumstances:
NGOs rely on donations, grants, and subsidies for social welfare activities. Maintaining transparent financial records is crucial for trust and credibility. Regular audits and income tax return filings ensure compliance and financial accuracy.
A stock audit verifies a business’s physical inventory against recorded quantities, ensuring accuracy and compliance. It helps identify discrepancies, assess stock conditions, and maintain proper financial reporting.
