Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

FOR GST AUDIT

Save Share

This query is : Resolved

Rahul (Querist)
Follow

07 November 2019 Respected Sir,
I confused about consideration of turnover in GST audit. Turnover should be consider from April to March or July to March ??
I have party whom turnover April to March Above 2 Crore But in period of July To March Below 2 Crore. Whether he is liable for GST Audit or Not ??
I have another one party whose engaging in retails sale of petroleum business is liable for Gst Audit ?? ( whose turnover in Gst Rs 16 lakh as well as in Vat 16 Crore whether he is liable for GST audit or Not ?? )

Please provide your valuable answer as soon as possible.

Thank you in Advance.

CA Anita Bhadra

CA Anita Bhadra (Expert)
Follow

07 November 2019 As per sec 35 of CGST Act every registered person whose turnover during a FINANCIAL YEAR exceeds the prescribed limit shall get his accounts audited

Since there is no specific clarification has been provided by Govt . for GST turnover ( 2017-18) for audit purposes , it is advisable to consider Turnover for full FY ( 01 Apr 17 to 31 March 18

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