GST audit turnover threshold
This query is : Resolved
23 August 2025
Kindly guide about applicability of GST audit for FY 2024-25.
23 August 2025
https://www.efiletax.in/blog/tax-audit-applicability-for-business-in-fy-2024-25/
https://tax2win.in/guide/audit-under-gst-gstr-9c
https://tax2win.in/guide/audit-under-gst-gstr-9c
26 August 2025
After reading article at tax2win, I still have doubt about mandatory application of GST audit. Kindly assist.
26 August 2025
Above ₹5 crore aggregate turnover: Filing of GSTR-9C (self-certified) is mandatory along with the annual return (GSTR-9).
Up to ₹5 crore aggregate turnover: GST audit is not required, and only annual return (GSTR-9) may be applicable depending on the turnover threshold.
Audit by CA/CMA: This is no longer required for any turnover category from FY 2021-22 onwards due to Finance Act, 2021 and GST Council decisions.
Up to ₹5 crore aggregate turnover: GST audit is not required, and only annual return (GSTR-9) may be applicable depending on the turnover threshold.
Audit by CA/CMA: This is no longer required for any turnover category from FY 2021-22 onwards due to Finance Act, 2021 and GST Council decisions.
26 August 2025
Change effective from FY 2021-22, affirmed by the 43rd GST Council meeting and CBIC Notification No. 29/2021 – Central Tax, dated 30th July 2021.
GSTR-9C (reconciliation statement) is now required to be self-certified, not certified by a CA/CMA.
Section 35(5) Omitted: The provision that required a GST audit by a CA/CMA for businesses with turnover exceeding ₹2 crore was removed altogether.
Section 44 Substituted: Instead of submitting a reconciliation statement that must be certified by a CA/CMA (GSTR-9C), taxpayers now submit a self-certified reconciliation statement along with their annual return.
Effective Date: These changes were made effective through Notification No. 29/2021 – Central Tax dated 30 July 2021, covering FY 2024-25 as well.
GSTR-9C (reconciliation statement) is now required to be self-certified, not certified by a CA/CMA.
Section 35(5) Omitted: The provision that required a GST audit by a CA/CMA for businesses with turnover exceeding ₹2 crore was removed altogether.
Section 44 Substituted: Instead of submitting a reconciliation statement that must be certified by a CA/CMA (GSTR-9C), taxpayers now submit a self-certified reconciliation statement along with their annual return.
Effective Date: These changes were made effective through Notification No. 29/2021 – Central Tax dated 30 July 2021, covering FY 2024-25 as well.
26 August 2025
You are welcome.
22 September 2025
Good luck..
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