🔍 GST & Statutory Audit Services in Hyderabad (2025)

Last Updated: June 5, 2025

Need **GST audit or statutory audit in Hyderabad**? If your **turnover > ₹2 Cr (GST) or ₹1 Cr (Income Tax)**, audit is mandatory. Our ICAI-certified CAs will ensure your audit is **compliant, penalty-free, and stress-free**.

In this guide, you’ll learn:

• ✅ When is GST audit mandatory in Hyderabad?
• ✅ When is statutory audit mandatory?
• ✅ Step-by-step audit process (3 steps, 5–10 days)
• ✅ Documents required (books of accounts, bank statements, invoices)
• ✅ How to prepare for audit + avoid penalties

📋 When is Audit Mandatory in Hyderabad? (2025)

🚀 3-Step Audit Process in Hyderabad (2025)

1. Step 1: Share Books of Accounts
   • Sales/purchase register
   • Bank statements (all accounts)
   • Invoices (sales + purchase)
   • Expense receipts
2. Step 2: CA Conducts Audit

   → We verify records + prepare audit report.

3. Step 3: File Audit Report

   → We file on GSTN Portal (GSTR-9C) or Income Tax Portal (Form 3CA/3CB).

❓ FAQs: Audit Services in Hyderabad

❓ What happens if I don’t file GST audit report?

✅ Penalty up to ₹2 lakh + interest + prosecution. File before Dec 31 to avoid penalties.

❓ Can I do GST audit myself?

✅ No — only a CA/CMA can conduct GST audit. Self-filing is invalid.

❓ What is the difference between GST audit and statutory audit?

✅ GST audit checks GST compliance (GSTR-9C). Statutory audit checks overall financials (ITR-3). Both may be required.

❓ How to prepare for GST audit in Hyderabad?

✅ Maintain books of accounts, reconcile GSTR-2A/2B, keep invoices organized. We offer pre-audit checklist.

Audits: A Pillar of Trust and Strategic Financial Health for Hyderabad Businesses

In Hyderabad's competitive business environment, audits—whether GST or Statutory—are indispensable tools that extend far beyond simply verifying financial records. They serve as a critical pillar of trust, enhancing financial transparency, mitigating risks, and fostering confidence among stakeholders, including investors, creditors, and regulatory bodies. For businesses with significant turnovers, these audits are not just mandatory legal requirements but strategic opportunities to assess financial health, identify operational inefficiencies, and ensure robust corporate governance.

A comprehensive audit, meticulously conducted by ICAI-certified Chartered Accountants, provides an independent and objective review of your financial statements and compliance frameworks. This process uncovers discrepancies, identifies potential areas of non-compliance, and helps implement corrective measures before they escalate into costly penalties or legal disputes. For GST audits, this means ensuring accurate input tax credit claims, proper reconciliation of sales and purchase data, and adherence to all GST provisions, which is vital for maintaining a healthy GSTIN status.

Statutory audits, on the other hand, offer a broader assurance on the fairness and accuracy of your financial reporting, providing stakeholders with reliable information for decision-making. They also play a crucial role in internal control assessment, helping businesses identify weaknesses in their financial processes and implement stronger safeguards against fraud and errors. Our audit services in Hyderabad are designed to be thorough yet efficient, minimizing disruption to your operations while maximizing the value derived from the audit process. We provide proactive advice on best practices, helping you not only meet regulatory obligations but also leverage audit insights to improve overall financial performance and build a resilient business for the future.

📞 Book a Free Audit Consultation

✅ Same-day appointments ✅ 30-min free consultation ✅ No-obligation quote