Gst Auditing Services
4.5 / 5
From over 1000 reviews
4.5 / 5
From over 1000 reviews
Vayparease audit service ensures precision, compliance, and efficiency for your financial operations and reporting
Online service portal makes our process superfast.
We provide cost effective services for our clients.
10+ Years’ experience of providing online CA services.
Our process at Vayparease is designed for efficiency, ensuring a smooth and hassle-free experience for our clients from start to finish.
We prioritize personalized attention in our process, ensuring that each client receives the individualized support and guidance they deserve.
Throughout our process, we maintain transparent communication with our clients, keeping them informed and involved every step of the way.
Discover real-life success stories from our clients, illustrating the transformative benefits of our service
Answers to Your Frequently Asked Questions: Find Solutions and Clarifications on Common GST Inquiries Here
For professional gross receipts exceeds 50 lakh in any previous year; or
The assessee is covered under section 44AE, (44BB or 44BBB) and claims that the profits from the business are lower than the profits computed on a presumptive basis.
The assessee is carrying on a notified profession under section 44AA, and claims that the profits from such profession are lower than the profits computed on a presumptive basis under section 44ADA and his income exceeds the basic exemption limit.
Where Income exceeds the basic exemption limit for any assessed who is covered u/s 44AD (4)
44AB is not applicable to a person who declares profits and gains on a presumptive basis u/s 44AD and his total sales, turnover or gross receipts does not exceed Rs. 2 crore.
Also, 44AB is not applicable to a person who derives income of nature referred to in sections 44B and 44BBA.
Applicability of Internal Audit:
Below companies are required to appoint Internal Auditor
All Listed Public Companies
Unlisted Public Companies, if it satisfies the following conditions:
Paid up share capital of Rs. 50 Crore or more during the preceding financial year OR
Turnover of Rs.200 Crore or more during preceding financial year OR
Outstanding loans or borrowings from bank/ financial institutions(public) exceeding Rs.100 Crore or more at any point of time during the preceding financial year; OR
Outstanding deposits of Rs 25 crore or more at any point of time during the preceding financial year
AND
Private Companies: if it satisfies the following conditions:
Turnover of Rs.200 Crore or more during the preceding financial year.
Outstanding loans or borrowings from banks or public financial institutions exceeding Rs.100 Crore or more at any point of time during the preceding financial year.
Company audit is mandatory for all companies registered in India. Company Audit is governed by the Companies Act, 2013. Company audit has the objective of reporting the state of the company’s accounts & finance to the regulatory authority. Audit and assurance services like company audits are performed by qualified auditors who are working as an independent external party.
The audit report form has its own set of rule that is set by the Government. Rules on the appointment, change, removal of auditors has specific rules.
Audit and assurance services help in Advisory on business restructuring which auditor can figure out in the audit process internal audit processAudit and assurance services help Figure out a plan of action as per auditor's recommendation audit serviceAudit and assurance services saving of taxes by sorting out the activities which are not adding up any values Saving cost of future compliance missing or incorrect compliance internal auditAudit and assurance serviceshelp in Prevention and detection of fraud Management AuditAudits are the best form of internal control and fairness for any stakeholder
