FOR GST AUDIT
This query is : Resolved
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.
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
(Expert)
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
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
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