Gst audit limit
This query is : Resolved
28 November 2022
Dear sir,
In fy 2021-22, what is the gst audit limit, 5 cr. or 10 cr. ?
Please clarify.
In fy 2021-22, what is the gst audit limit, 5 cr. or 10 cr. ?
Please clarify.
Dhirajlal Rambhia
(Expert)
28 November 2022
Well, it is 5 crs, but it needs to be self certified reconciliation statements.
E.G. GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs.5 crore from FY 2021-22 onwards.
The reconciliation statement in FORM GSTR-9C for the FY 2021-22 will be required to be filed by taxpayers with annual aggregate turnover above Rs 5 Crore.
Due Date to furnish Annual Return 31st December following the end of relevant Financial Year.
E.G. GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs.5 crore from FY 2021-22 onwards.
The reconciliation statement in FORM GSTR-9C for the FY 2021-22 will be required to be filed by taxpayers with annual aggregate turnover above Rs 5 Crore.
Due Date to furnish Annual Return 31st December following the end of relevant Financial Year.
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