In many cases, it is observed that Management seeks the presence of an experienced GST consultant team on the day of the Audit despite having all the correct documents, discrepancies settled, compliance report, reconciliation reports and all other significant documents.
This is because of the perception in the Business community and past experience, which suggests that having a competent consultant made all the difference at the time of the Audit.
The most significant benefit is during the time when the officer raises an objection. During an objection, the consultant helps the client team to present the right documents and get them verified according to the regulatory framework of GST. The consultant helps answer all the questions at the spot in order to help prevent getting a spot memo!
The consultant will present all the necessary documents and cite the appropriate rules from the GST Act, which will help reduce the objections in the spot memo and the disputed amount.
Our Audit experts will render all these services -
- Our experts will remain with your Team at all times during the Audit to help prevent any kind of issue and offer assistance at every point of confusion or query
- For all verbal and written objections raised by the officer, the experts will present corroborative evidence to help prevent any confusion turning into a dispute
- If it is not possible to answer the query immediately, the experts will ask for time from the officer citing the justifiable reason and make sure to respond the Department well within time along with all the appropriate documents and explanation
- If the objection is genuine and demand is justified, the experts will explain everything to the Management or KAP(Key Auditing Personnel) so that the payment in DRC-03 made
- After the Audit, the experts will hold a closed-door meeting with the Management/KAP for cost and risk evaluation. The experts will also guide about the possibilities of litigation and discuss whether it is justified and logical in the present case or not
