Gst audit turnover
This query is : Resolved
08 August 2019
FOR GST AUDIT PURPOSE THE TURNOVER LIMIT OF 2 CR IS TO BE CONSIDERED THAT BETWEEN JULY TO MARCH OR FROM APRIL TO MARCH?
REGARDS
RUCHITA
REGARDS
RUCHITA
08 August 2019
Section 35(5) of the CGST Act that refers to GST audit uses the expression financial year.Hence the turnover of the entire year 2017-18 should be taken for calculating
the prescribed turnover limit.
the prescribed turnover limit.
Message likes :
1 times
08 August 2019
Thank you very much sir for your prompt reply.
But what about the clarification issued by CBEC on 3rd july 2019 ?
It says for the audit purpose of F.Y. 2017-18 turnover limit of 2Cr. is to be considered between July'17 to March '18.
But what about the clarification issued by CBEC on 3rd july 2019 ?
It says for the audit purpose of F.Y. 2017-18 turnover limit of 2Cr. is to be considered between July'17 to March '18.
Message likes :
1 times
08 August 2019
Thanks for the update. I missed out the last sentence of clause (i) of the said press
release.
release.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
