Aggregate turnover for conducting gst audit
This query is : Resolved
KRITIKA CHAUHAN
(Querist)
09 September 2019
Dear All,
If we have reported zero sales during April 2017 to June 2017 and during GST period (Jul 17 to Mar 18) our sales are Rs. 41 lakhs approx. But in books Pre-GST period sales are Rs. 1.62 Crore.
In this case did GST audit is applicable?
Thanx in advance
If we have reported zero sales during April 2017 to June 2017 and during GST period (Jul 17 to Mar 18) our sales are Rs. 41 lakhs approx. But in books Pre-GST period sales are Rs. 1.62 Crore.
In this case did GST audit is applicable?
Thanx in advance
09 September 2019
As per the press release dated July 3, GST audit is applicable only if turnover during July 17 to march 2018 exceeds Rs 2 crore.
KRITIKA CHAUHAN
(Querist)
09 September 2019
Thank you Sir for your prompt reply.
Please guide me in this matter, whether we have to take full 12 months i.e April 2017 to March 2018 turnover or only July 2017 to March 2018 for the purpose of conducting GST audit. As I have read the below mentioned link. Please check it out.
https://cleartax.in/s/gst-audit-annual-turnover-2-crores
Please guide me in this matter, whether we have to take full 12 months i.e April 2017 to March 2018 turnover or only July 2017 to March 2018 for the purpose of conducting GST audit. As I have read the below mentioned link. Please check it out.
https://cleartax.in/s/gst-audit-annual-turnover-2-crores
Karim N Shaikh
(Expert)
10 September 2019
As per press release dt 03-July-2019 read point (i)-Turnover for eligibility of filing of reconciliation statement is taken from JULY-2017 To MARCH-2018. request to ignore other site and rely on government notification.
hope you understand and satisfied too.
find link
https://www.gstcouncil.gov.in/sites/default/files/Press-Dynamic/03-07-2019-Second-Press-Release.pdf
hope you understand and satisfied too.
find link
https://www.gstcouncil.gov.in/sites/default/files/Press-Dynamic/03-07-2019-Second-Press-Release.pdf
KRITIKA CHAUHAN
(Querist)
10 September 2019
Thank you Karim N Shaikh Sir.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
