Audit Services in India – Statutory, Tax, GST & Internal Audit

Audit services, including statutory audit, tax audit, GST audit, and internal audit, play a critical role in ensuring accuracy, transparency, and legal compliance in the financial records of businesses and professionals. With increasing regulatory requirements under the Companies Act, Income Tax Act, and GST laws, businesses are required to maintain proper books of accounts and undergo audits as prescribed by law.

Includes : Books Review • Financial Verification • Turnover Analysis • Statutory Audit • Tax Audit • GST Audit • Internal Audit • GST/TDS Reconciliation • Report Filing • Compliance Support

Tax Audit Services

Comprehensive Audit Solutions for Legal Compliance and Financial Accuracy

At R K Associates, we partner with businesses at every stage to keep their financial records accurate, compliant, and easy to understand. Through our statutory audit, tax audit, GST audit, and internal audit services, we help businesses meet their legal responsibilities while maintaining clarity and control over their accounts.

Whether you are a company, LLP, partnership firm, proprietor, startup, or professional, our audit process is designed around your business needs. With a proactive approach, we strengthen the audit process by ensuring accounting records are in order, statutory filings are timely and accurate, and income tax returns are aligned with audit findings. This integrated approach supports smooth compliance, reduces errors, and helps businesses meet regulatory requirements confidently while staying prepared for future growth.

Statutory Audit Services – Ensure Legal Compliance

A Statutory Audit is a mandatory audit required under laws such as the Companies Act, 2013, Income Tax Act, and other applicable regulations.

The main purpose of a statutory audit is to confirm that your financial statements correctly reflect the actual position of your business.

Our Statutory Audit Includes

  • Verification of books of accounts
  • Audit of Balance Sheet and Profit & Loss Account
  • Compliance with applicable Accounting Standards
  • Review of statutory records and disclosures
  • Preparation of statutory audit report

Who Needs Statutory Audit?

  • Companies registered under the Companies Act
  • LLPs and other entities where audit is compulsory by law

Why Statutory Audit Matters

A properly conducted statutory audit helps you avoid legal penalties, builds trust with banks and investors, and keeps you fully compliant with regulations.

Tax Audit Services – Accurate Income Tax Reporting

A Tax Audit is conducted under Section 44AB of the Income Tax Act, 1961. It is required when business turnover or professional receipts cross the prescribed limits. The purpose of a tax audit is to verify the accuracy of income, expenses, deductions, and tax liability are correctly reported as per income tax law.

Our Tax Audit Services Include

  • Conducting audit as per Section 44AB
  • Preparation of Form 3CA or Form 3CB
  • Detailed reporting in Form 3CD
  • Verification of turnover, expenses, depreciation, and deductions
  • Review of income tax compliance before return filing

Who Is Required to Get a Tax Audit?

  • Businesses exceeding prescribed turnover limits
  • Professionals crossing specified gross receipts
  • Cases where tax audit is applicable under income tax provisions

Why Tax Audit Is Important

A properly done tax audit helps you avoid income tax notices, lowers the risk of disputes, and ensures your return is filed without complications.

GST Audit Services – Complete GST Compliance & Reconciliation

A GST Audit ensures that GST returns, tax payments, and Input Tax Credit (ITC). are correctly reported as per the CGST Act and GST Rules. Even small GST mistakes can result in notices, ITC reversal, interest, and penalties.

Our GST Audit Covers

  • Reconciliation of GSTR-1, GSTR-3B, and books of accounts
  • Verification of Input Tax Credit (ITC)
  • Review of outward and inward supplies
  • Checking GST liability, tax payments, and interest
  • Identification of mismatches and compliance gaps

Types of GST Audit We Handle

  • GST self-audit for regular compliance
  • GST departmental audit support
  • Special GST audit assistance

Why GST Audit Is Essential

A GST audit helps you avoid GST notices, protects your eligible ITC from reversal, and keeps your GST records clean and compliant.

Internal Audit Services – Improve Systems & Controls

An Internal Audit focuses on improving your internal systems, strengthening controls, and identifying business risks at an early stage. Unlike statutory audit, internal audit is management-focused and helps prevent issues before they become serious.

Scope of Our Internal Audit

  • Review of internal controls and accounting systems
  • Analysis of operational efficiency
  • Identification of process gaps and risk areas
  • Review of compliance with internal policies

Benefits of Internal Audit

  • Better financial discipline
  • Early detection of errors and fraud
  • Improved operational efficiency
  • Strong and reliable internal control system

Internal audit is strongly recommended for growing businesses, even when it is not legally compulsory.

Experience & Professional Expertise

Our team has hands-on experience in handling audits for companies, firms, and professionals across different industries. We regularly deal with income tax and GST matters, audit observations, and departmental queries, which helps us guide clients correctly from day one.

All audits are conducted and reviewed by qualified professionals with practical knowledge of Indian tax and audit laws.

Confidentiality & Data Safety

We strictly maintain confidentiality of all financial data and client information.

Your records are handled securely and used only for audit and compliance purposes.

Why Choose R K Associates for Audit Services?

  • Experienced audit professionals
  • Practical and business-friendly audit approach
  • Strong understanding of Indian tax and audit laws
  • Timely audit reports and compliance support
  • Assistance in notices and departmental queries

We don’t just audit numbers — we explain them in a way that actually helps you take better business decisions.

About R K Associates

R K Associates is a professional services firm providing audit, tax, GST Return Filing, and compliance solutions to businesses and professionals across India, with a strong understanding of local business and regulatory requirements.

Get Professional Audit Support Today

Whether you need a Statutory Audit, Internal Audit, Tax Audit, or GST Audit, our team ensures your records are accurate, your compliances are in place, and you don’t have to worry about future notices or penalties.

👉 Contact R K Associates today for reliable audit services in India —

Frequently Asked Questions (FAQ)

What are audit services?

Audit services involve professional examination of books of accounts, financial records, and statutory compliances to ensure accuracy, transparency, and compliance with applicable laws.

What types of audit services do you provide?

We provide statutory audit, tax audit, GST audit, and internal audit services for businesses and professionals across India.

Who is required to get a statutory audit?

Statutory audit is mandatory for companies and for LLPs or other entities where audit is required under the Companies Act or other applicable laws.

What is a tax audit under Section 44AB?

A tax audit under Section 44AB of the Income Tax Act is required when business turnover or professional receipts exceed the prescribed limits in a financial year.

Who needs a tax audit?

Businesses and professionals whose turnover or gross receipts cross the limits specified under the Income Tax Act are required to undergo a tax audit.

What documents are required for a tax audit?

Books of accounts, sales and purchase records, expense details, depreciation schedules, bank statements, and other relevant financial documents are required for a tax audit.

What is a GST audit?

A GST audit involves verification of GST returns, tax payments, and Input Tax Credit (ITC) to ensure compliance with GST laws and rules.

Is GST audit mandatory?

GST audit requirements depend on turnover limits and departmental selection. Even when not mandatory, GST audit is recommended to avoid future notices and ITC issues.

What is internal audit and why is it important?

Internal audit focuses on internal controls, process improvement, and risk management. It helps businesses identify issues early and improve operational efficiency.

Is internal audit compulsory?

Internal audit is compulsory for certain entities as prescribed by law. For others, it is optional but highly recommended for growing businesses.

How does audit help in avoiding notices and penalties?

Audit helps identify errors, mismatches, and compliance gaps at an early stage, reducing the risk of income tax or GST notices, penalties, and disputes.

Do you assist with audit-related notices?

Yes, we assist clients in understanding audit observations and provide support for income tax and GST notices related to audit matters.

How long does an audit process take?

The duration depends on the type of audit, volume of transactions, and availability of records. We ensure timely completion without compromising accuracy.

Does audit affect income tax return filing?

Yes, audit findings directly impact income tax return filing. We ensure audit reports and returns are properly aligned.

Do you review accounting records during audit?

Yes, proper accounting records form the base of any audit. We review accounting systems to ensure accuracy and consistency.

Is client data kept confidential?

We strictly maintain confidentiality of all financial data and client information and follow secure data-handling practices.

Can startups and small businesses opt for audit services?

Yes, startups and small businesses can opt for audit services to maintain financial discipline, improve credibility, and prepare for future growth.

Do you provide audit services for professionals?

Yes, we provide audit services for doctors, consultants, lawyers, freelancers, and other professionals as per applicable laws.

How do audit services support business growth?

Audit provides clarity on financial position, improves internal controls, and builds trust with banks, investors, and authorities.

How can I start audit services with R K Associates?

You can contact R K Associates to discuss your requirements. Our team will guide you through the audit process step by step.