Res. sir
Pls. tell some experts on gst which turnover to be file Gst audit or Which limit to be file Gst audit.
Thank you.
Menu
2018-19 GST AUDIT LIMIT
Replies (6)
2 crore is the limit.
The turnover limit was enhanced to 5cr for FY 2018-19. So if turnover is less than 5cr, no audit required under GST.
Ok thanks Mayank Gadiya sir
The Government vide Notification No. 16/2020 - Central Tax, dated 23.03.2020, has amended the CGST Rules 2017.
A new Proviso has been inserted in sub-rule (3) of Rule 80 of the CGST Rules 2017, which states that "Filing of FORM GSTR-9C i.e. RECONCILIATION STATEMENT and AUDIT REPORT for FY 2018-19 has been made MANDATORY only for those Taxpayers who Aggregate Turnover Exceeds Rs. 5 crore ".
Therefore, if your Aggregate Turnover is upto Rs. 5 crore then you are not required to file FORM GSTR-9C for FY 2018-19.
Regards
Shivam RC.
A new Proviso has been inserted in sub-rule (3) of Rule 80 of the CGST Rules 2017, which states that "Filing of FORM GSTR-9C i.e. RECONCILIATION STATEMENT and AUDIT REPORT for FY 2018-19 has been made MANDATORY only for those Taxpayers who Aggregate Turnover Exceeds Rs. 5 crore ".
Therefore, if your Aggregate Turnover is upto Rs. 5 crore then you are not required to file FORM GSTR-9C for FY 2018-19.
Regards
Shivam RC.
Thanks Shivam sir
You're Welcome Sir...🙏🙏🙏
Recent Threads
- Conversion of Capital Asset (Shares) into Stock in
- Income tax-wrong head challan
- Regarding berthing of vesse
- Schedule FA reporting - peak value and cash MMF
- Partnership firm with foreign national person
- Audit required
- Deemed Withdrawal of ASMT-13 Orders & Adjustme
- Need advise with HRA claim
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
Related Threads
CAclubindia
