At NSA, we offer meticulous audit services under Income Tax Laws and Indirect Tax Laws, helping businesses and professionals ensure their accounts comply with legal standards. Our experienced Chartered Accountants provide thorough, timely, and insightful audit reports, aiding in compliance and enhancing financial integrity.
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I.  Our Services offerings under Income Tax Laws:
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1. Tax Audit (Section 44AB):
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Business Audit: Mandatory for businesses with total sales, turnover, or gross receipts exceeding ₹1/₹10 crore based on conditions satisfied in a financial year. We conduct a detailed examination of financial records, ensuring compliance with Section 44AB and providing an audit report in Form 3CA/3CB and Form 3CD.
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Professionals' Audit: Required for professionals with gross receipts exceeding ₹50 lakhs in a financial year. Our team ensures adherence to regulatory requirements, delivering comprehensive audit reports.
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2. Special Case Audit:
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Section 44BB: For non-resident taxpayers engaged in the business of providing services or facilities in connection with the extraction or production of mineral oils.
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Section 44BBB: For foreign companies engaged in the business of civil construction in certain turnkey power projects.
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3. Audit under Other Sections:
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Section 92E: For entities involved in international transactions or specified domestic transactions, we conduct audits to ensure transfer pricing compliance, providing a report in Form 3CEB.
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Section 115JB: For companies subject to Minimum Alternate Tax (MAT), we verify compliance with MAT provisions.
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II. Our Services offerings under GST Laws:
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1. Annual GST Audit:
 
Verification of Annual Returns (GSTR-9): We conduct a thorough audit of your annual GST returns to ensure that all financial transactions are accurately reported and compliant with GST laws.
 
Reconciliation Statements (GSTR-9C): We prepare and verify reconciliation statements, comparing your annual returns with audited financial statements to identify and rectify discrepancies.
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2. GST Compliance Review:
 
Monthly and Quarterly Return Reviews (GSTR-1, GSTR-3B): Regular review of your GST returns to ensure timely and accurate filing, minimizing the risk of penalties and interest.
 
Input Tax Credit (ITC) Review: Detailed examination of your ITC claims to ensure they are valid and in compliance with GST regulations.
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3. GST Reconciliation:
 
GSTR-2A vs. GSTR-3B Reconciliation: Cross-verification of purchase data reported by suppliers with your input tax credit claims to identify mismatches and prevent future disputes.
 
Vendor Compliance Checks: Ensuring that your vendors are compliant with GST laws, thus safeguarding your ITC claims.
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4. GST Documentation and Record Keeping:
 
Review of Tax Invoices and Other Records: Ensuring all tax invoices and records are maintained as per GST law requirements.
 
Audit Trail Verification: Verifying the integrity and accuracy of your audit trails to ensure proper documentation and traceability of all GST-related transactions.