Once upon a time, there was a group of friends who decided to start a lemonade stand to make some money. They knew they needed to sell a lot of lemonade to make a profit, so they bought a lot of lemons and sugar, and set up their stand.

After a few weeks, they had made a lot of money and were very proud of themselves. But then, they received a notice that they were going to have a GST audit. They didn't know what a GST audit was, but it sounded scary!

So they decided to learn more about it. They found out that GST stands for Goods and Services Tax and it's a tax that businesses have to pay on the things they sell. They also learned that a GST audit is when someone from the government comes to check their records to make sure they're paying the right amount of tax.

The friends realized they needed to get their records in order to prepare for the audit. They started by organizing all of their receipts and invoices, so they could easily show how much they had earned and how much they had spent on supplies.

Next, they double-checked their calculations to make sure they had paid the right amount of GST. They also made sure they had all of the necessary documents, like their GST registration certificate, on hand for the audit.

Finally, they decided to work with a professional to help them prepare for the audit. The professional showed them how to keep better records and gave them advice on how to stay up-to-date with any changes to the GST rules and regulations.

The friends were nervous when the day of the audit arrived, but they were also confident that they were prepared. The auditor came and checked their records, and everything was in order! The friends were relieved and happy that they had taken the time to prepare for the audit.

From that day on, the friends made sure to keep their records organized and up-to-date, so they wouldn't have to worry about a GST audit again. And they continued to sell their delicious lemonade, knowing that they were following the rules and regulations of the GST game.

You can learn more on how to prepare for GST Audit here.