Goods and Service Tax (GST) is a destination based consumption tax on supply of goods and services. In India, dual gst system operates i.e. GST is levied by Centre and Consumption State. There can be two types of supplies, one is intra-state supply on which CGST & SGST are levied along with applicable cess, if any and other one is inter-state supply on which IGST along with applicable cess, if any is charged. IGST is a mechanism for levy and collection of tax in case of inter-state supply which is collected by Centre and later it is distributed to Centre and Consumption State.
We provide GST Audit services that are required to be conducted for every registered person whose aggregate turnover during a financial year exceeds two crore rupees under the applicable GST Act.