FOR GST AUDIT

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rahul Kulkarni

suresh kotte

Shashank S Gore

chandradhass sathish

THOMAS JOHN

Subscribe Now

FOR GST AUDIT

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA