GST audit turnover threshold

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For the financial year 2024-25, the mandatory GST audit by a Chartered Accountant or Cost and Management Accountant is no longer required for any turnover category. Businesses with an aggregate turnover above ₹5 crore must file a self-certified GSTR-9C along with their annual return (GSTR-9). For those with an aggregate turnover up to ₹5 crore, a GST audit is not required, though the annual return (GSTR-9) may still be applicable based on specific turnover thresholds.

Rajesh

Rajesh (Querist)

23 August 2025 Kindly guide about applicability of GST audit for FY 2024-25.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

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

Rajesh

Rajesh (Querist)

26 August 2025 After reading article at tax2win, I still have doubt about mandatory application of GST audit. Kindly assist.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

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.

Rajesh

Rajesh (Querist)

26 August 2025 Thank you very much!

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

26 August 2025 You are welcome.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

22 September 2025 Good luck..

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