GST scrutiny is the examination of a taxpayer's compliance with Goods and Services Tax regulations to verify the accuracy of returns and documentation. This process helps ensure proper tax collection and prevent evasion, maintaining the integrity of the GST system.
GST registration is the process by which a business becomes recognized under the Goods and Services Tax framework, allowing it to collect and remit GST. This registration is essential for legal compliance and enables businesses to claim input tax credits on purchases.
A GST return is a document that taxpayers must file periodically to report their income, output tax, and input tax under the Goods and Services Tax system. It provides the tax authorities with necessary information to assess tax liability and ensure compliance.
GST audit is a systematic examination of a taxpayer's financial records and compliance with Goods and Services Tax regulations. It aims to verify the accuracy of GST returns, ensure proper tax payments, and detect any discrepancies or non-compliance
A GST appeal is a formal request filed by a taxpayer to challenge a decision made by tax authorities regarding GST assessments or penalties. It allows taxpayers to seek redress and review of decisions that they believe are incorrect or unjust.