Audit Query as per IT Act and GST Act.
Bharat Choksi (Proprietor) (36 Points)
24 July 2019My Query is, due to inter-branch Sales between two Branch offices located at different States, Invoice was raised and sales was recorded as Inter-Branch Transfer Outward. Due to these Inter-branch transfer, total Turnover Cross 1 Crore. In such a situation, whether Audit is required as per Income Tax Act?