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GST Due Diligence Services

Strengthen Your GST Compliance
with Due Diligence

Our Services How It Works Contact
Our GST Due Diligence Services

Due Diligence Services We Provide

We cover all critical areas impacting GST compliance and reporting accuracy.

🔠

HSN/SAC Code Validation

Review of classification applied across transactions to ensure correct tax positioning and reporting.

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Return Review and Reconciliation

Detailed verification of GSTR-1 and GSTR-3B filings with books, including mismatch identification and correction strategy.

📅

Compliance Timeline Assessment

Review of filing and payment patterns aligned with GST return due dates to identify exposure to delays.

📍

Place and Time of Supply Validation

Evaluation of transaction structuring to ensure correct tax type and timing of liability recognition.

💰

Input Tax Credit Review

Verification of eligibility, documentation, and reconciliation of credits across returns and books.

🔁

Reverse Charge Mechanism Review

Assessment of inward supplies to ensure proper treatment under reverse charge provisions.

💻

GST System and Control Review

Evaluation of ERP/accounting systems to ensure GST compliance is embedded within operational workflows.

How It Works

Our Due Diligence Process

Our due diligence process is structured to deliver actionable outcomes.

01 Business andProcess Understanding We analyse your business model, transaction flows, and compliance structure to define scope. 02 Data Collectionand Structuring Financial records, GST returns, and transactional data collected and organised for analysis. 03 Classificationand Code Review HSN/SAC codes verified across transactions; inconsistencies affecting reporting identified. 04 ReturnReconciliation GSTR-1, GSTR-3B and records reconciled to identify mismatches and reporting gaps. 05 Input Credit andLiability Review Input tax credit claims and tax liabilities evaluated for accurate treatment. 06 Supply StructuringValidation Transactions reviewed for correct place and time of supply to avoid incorrect tax treatment. 07 Reporting andGuidance Detailed report highlighting observations, risk areas, and recommended corrective actions.
GST Compliance Assessment Matrix

How We Classify Your Findings

Every GST due diligence engagement maps observations across two critical dimensions: documentation quality and financial exposure.

Financial Exposure
Weak Documentation
Strong Documentation
High Exposure · Weak Documentation
Critical
Finding

Unsubstantiated high-value transactions, missing invoices, and large ITC reversals pending – demands immediate rectification before any transaction closes.

High Exposure · Strong Documentation
Monitored
Risk

Significant GST exposure is well-documented and defensible – structured mitigation and indemnity clauses should be negotiated into the transaction.

Low Exposure · Weak Documentation
Administrative
Gap

Procedural non-compliance with limited financial impact – indicates poor internal controls that, if unaddressed, create compounding risk over time.

Low Exposure · Strong Documentation
Clean
Position

Well-maintained records, minimal exposure, and strong compliance history – the target is well-positioned with no material GST concerns to address.

Documentation Quality
Our Six-Phase Process

End-to-End Due Diligence Journey

A six-phase GST due diligence process from initial scoping through to actionable reporting.

01 Business and ProcessUnderstanding Analysing your business model,transaction flows and GSTcompliance structure. 02 Data Collectionand Structuring Financial records, GST returnsand transactional dataorganised for analysis. 03 Classificationand Code Review HSN/SAC codes verified acrosstransactions; inconsistenciesaffecting reporting identified. 04 ReturnReconciliation GSTR-1, GSTR-3B and recordsreconciled to surfacereporting mismatches and gaps. 05 Input Credit andLiability Review Input tax credit claims andliabilities evaluated foraccurate treatment. 06 Reporting andGuidance Detailed findings reportwith risk areas and correctiveaction recommendations. GST Due Diligence
Contact

Engage with V J Desai and Co.

A structured GST due diligence review helps prevent compliance gaps from becoming financial exposure. Engage with V J Desai and Co. to review and strengthen your GST compliance framework.

Book a Consultation

Our team will assess your GST due diligence requirements and design the right review framework for your business.

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