The Institute of Chartered
Accountants of India

The MSME Scan Report is an AI-powered GST due diligence report that provides a comprehensive assessment of a business based on its GST data. It assigns a GST Health Score and presents actionable insights to help professionals evaluate the compliance, operational health, and risk profile of an entity.

The report is useful for:

• Chartered Accountants
• GST Practitioners
• Tax Consultants
• Internal Audit Teams
• Corporate Tax Departments
• Procurement Teams
• Vendor Management Teams
• Compliance Officers
• Banks and NBFCs
• MSME Owners

To generate an MSME Scan Report, the following information is required:

• GSTIN of the business to be analysed.
• GST Username.
• Access to the GST portal through OTP authentication (where detailed analysis is required).

Once authentication is completed, the system securely retrieves the relevant GST data and generates the report within a few seconds.

Yes. The MSME Scan Report is an OTP-based report.

An OTP is sent by the GST system to the registered mobile number and/or email address linked with the GST portal of the taxpayer. After successful OTP verification, the report is generated using the authenticated GST data.

The report enables professionals to:

• Conduct GST due diligence before accepting new clients.
• Perform GST health checks during statutory or internal audits.
• Identify potential compliance gaps and risk areas.
• Advise clients on corrective actions.
• Support mergers, acquisitions and investment due diligence.
• Strengthen GST advisory and litigation support.

Before onboarding a new vendor, businesses can use the report to:

• Verify whether the GST registration is active.
• Review the vendor's GST compliance history.
• Assess filing consistency and business continuity.
• Identify compliance red flags.
• Evaluate the vendor's GST Health Score.
• Reduce the risk of dealing with non-compliant suppliers.

The report helps organizations identify vendors that may pose GST or operational risks by highlighting:

• Cancelled or suspended GST registrations.
• Irregular GST return filing.
• Persistent compliance defaults.
• Business inactivity.
• Significant fluctuations in turnover.
• Other GST-based risk indicators.

Internal audit teams can use the MSME Scan Report to:

• Review GST compliance across vendors or business units.
• Identify high-risk entities requiring detailed verification.
• Validate GST-related controls.
• Support risk-based audit planning.
• Monitor compliance trends over time.

The GST Health Score provides a quick and objective indication of a business's GST compliance and operational health. Instead of reviewing multiple GST parameters individually, professionals can use the score as an initial risk indicator and then drill down into detailed observations where necessary.

Yes. The report serves as an effective pre-audit tool by highlighting key compliance observations, allowing auditors to focus on areas requiring deeper examination and making audit planning more efficient.

Yes. During financial, legal or tax due diligence, the report provides valuable insights into the GST compliance behaviour and operational consistency of the target entity, helping identify potential risks before a transaction is completed.

Yes. Where multiple GST registrations are linked to the same PAN, the report provides a consolidated assessment, enabling professionals to evaluate the overall health of the enterprise instead of reviewing each GSTIN separately.

The report includes insights on:

• GST Health Score
• GST registration status
• Return filing behaviour
• Sales and purchase trends
• Tax payment patterns
• Compliance indicators
• Business continuity
• PAN-level business overview
• Key observations and risk alerts

No. The report is a decision-support tool. It provides a consolidated business health assessment and highlights areas that warrant detailed examination, enabling professionals to prioritise their review efforts more effectively.

A GST data download presents raw information. The MSME Scan Report transforms that data into meaningful intelligence by applying AI-driven analytics, generating a GST Health Score, identifying risk indicators, and presenting actionable insights in a structured format.

The report helps tax professionals move beyond routine compliance reviews by providing:

• Faster GST due diligence.
• Structured risk assessment.
• Vendor compliance evaluation.
• Better client advisory.
• Improved audit planning.
• Stronger GST governance.
• AI-powered business intelligence based on GST data.