what's the turnover limit for the GST Audit & what period should be considered for the purpose of calculating turnover?
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Quick Summary
This discussion clarifies the turnover threshold for GST audits and the specific period to consider for turnover calculation under GSTR-9C. It confirms that the turnover limit for GST audit is 2 crore, with the period considered being July 2017 to March 2018, based on a press release from July 3, 2019. The query also briefly touches upon the taxability of employee recoveries.