my turnover during FY 2017 - 2018
is one crores 48 lakh is there compalsory to audit under GST LAW & under Income tax law.
Menu
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 .
Recent Topics :
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
Related Topics :
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
CCI
Pro
CAclubindia
