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GP & NP % Increase

This query is : Resolved 
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(Querist)
03 April 2023 Dear Sir

Please provide your valuable suggestion how much GP and NP we can increase from previous year if turnover increase from previous year Rs.50 Lacs
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 April 2023 Check actual figures as per books of accounts.
The increase in turnover may not increase the percentages of GP &/or NP; though minor variation is acceptable.
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Nisha Kathuria

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Nisha Kathuria (Querist)
03 April 2023 Sir,
15% Or 20% GP and NP increase % acceptable
FY 2021-22 GP 8.06 and NP 4.84
FY 2022-23 GP 9.67% and NP 5.56%
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 April 2023 Though the variance is more than 10%, but being on upper side, it will be accepted with reference from books of accounts.
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