The accounts of every registered taxable person whose turnover exceeds the prescribed limit during a financial year shall get his accounts audited by a chartered accountant or a cost accountant.

Audit Under GST involves examination of records, returns and other documents maintained by a GST registered person. It also ensures correctness of all the details submitted through GST Returns like turnover declared, taxes paid, refund claimed, input tax credit availed.

A tax payer under GST is required to self-assess his tax liability, pay taxes and file returns. To ensure whether the taxpayer has correctly self -assessed his tax liability a robust audit mechanism is a must.