my turnover during FY 2017 - 2018
is one crores 48 lakh is there compalsory to audit under GST LAW & under Income tax law.
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audit
Replies (1)
In GST law as per section 35(5) of the CGST act 2017 ,if your turn over excceds 2 crore audit is required. But in your case, it is below 2crore so Audit not needed.
But As your business turnover exceeded 1 crore , then audit is requried as per section 44 AB of the income tax act 1961 .
But As your business turnover exceeded 1 crore , then audit is requried as per section 44 AB of the income tax act 1961 .
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