GST Audit: A Strong Proponent of Sublime Ease of Doing Business Ranking

Abstract

There is no harm in quoting that the implementation of GST has made the doing business easy and GST audit not only guards this ease but also increases it manifold. GST audit helps in ease of doing business by facilitating in the correct recording of transactions, flawless reconciliations, proper credit availment, timely tax payment, and error-free return filing. Thus it helps in saving interest and penalties and ensures the smooth running of the business.