GST Audit Requirements Quiz for Businesses with Turnover Exceeding Rs
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Questions and Answers

Who can conduct the first type of audit if turnover exceeds Rs. 2 crore?

  • Company Secretary
  • Internal Auditor
  • Chartered Accountant/Cost Accountant (correct)
  • Tax Auditor

    • When is a registered person required to undergo a special audit?

  • At the end of each financial year
  • When filing for tax exemption
  • Only if turnover exceeds Rs. 2 crore
  • During any stage of scrutiny, inquiry, investigation or any other proceedings (correct)

    • Who can undertake the normal audit of a registered person?

  • Commissioner or any officer authorised by him (correct)
  • Chartered Accountant
  • Tax Consultant
  • Cost Accountant

    • What form should be used to furnish audited annual accounts and a reconciliation statement if turnover exceeds Rs. 2 crore?

    <p>Form GSTR-9C</p> Signup and view all the answers

    When might a special audit be directed for a registered person?

    <p>Depending upon the complexity of the case</p> Signup and view all the answers

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