Audit under GST is the examination of records maintained by the taxable person to verify the correctness of information declared, taxes paid and to assess the compliance with the provisions of GST. There are three types of audits which is conducted under GST
1. Transportation of Goods and passengers, 2. Food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery except where the category of Inward and outward supply is same or the component belongs to a mixed or composite supply under GST., 3. Sale of membership in a club, health and fitness studio
Where any supply is made for a consideration, every person who is liable to pay for such supply shall prominently indicate in all documents relating to assessment, tax invoice and other like documents, the amount of tax which shall form part of the price at which such supply is made.
