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No gst sales in fy 2023-2024 but earned by commission

This query is : Resolved 

05 April 2024 I have gst proprietorship firm and have gst commission income but no gst sales.Will I will be required to make a audit by a ca firm? Please advise urgently?

05 April 2024 that depends on the turnover.

05 April 2024 Commission received is Rs1300000/ thirteen lakhs only

05 April 2024 There are no sales turnover

05 April 2024 commission income is also sales only na.

05 April 2024 Yes sales as per gst.so income tax audit required or not?

06 April 2024 Income tax audit not required as turnover within the limit.

06 April 2024 at 13 lakhs commission income, no audit is required. However, you are required to maintain books of accounts and file ITR-3. No presumptive taxation is permitted in this case.


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