GST 9C Audit 19.20

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1244 Points Posted on 06 March 2021
if turnover 4.88 cr than gst 9C audit compulsory or what?? pls gaid me
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On 06 March 2021 at 10:44 Report
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This discussion clarifies whether a GST 9C audit is compulsory for the financial year 2019-20 when the turnover is ₹4.88 crore. It has been confirmed that an audit is not compulsory in this scenario, as the turnover is below the threshold of ₹5 crore. Notification No. 79/2020 Central Tax dated 15th October 2020 is referenced, stating that GSTR 9C is optional for annual turnovers up to ₹5 crore.

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Tax consultant
552 Points Posted on 06 March 2021
Not necessary.
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On 06 March 2021 at 10:50
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Consultant
1891 Points Posted on 06 March 2021

In above case, GST audit is not compulsory for FY 2019-20. 

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On 06 March 2021 at 12:15
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Chartered Accountant
24588 Points Posted on 06 March 2021
Not Necessary as turnover is less than 5, crores rupees
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On 06 March 2021 at 13:03
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1244 Points Posted on 06 March 2021
If any circular?
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On 06 March 2021 at 14:17
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Chief Accountant
3150 Points Posted on 06 March 2021
Notification No.79/2020 Central tax dated. 15th October, 2020
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On 06 March 2021 at 17:14
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1244 Points Posted on 06 March 2021
Ok thax
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On 06 March 2021 at 17:15
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Chief Accountant
3150 Points Posted on 06 March 2021
Welcome
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On 06 March 2021 at 17:26
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Practicing Chartered Accountant
959 Points Posted on 06 March 2021
Upto 5cr of annual turnover, GSTR 9C is optional.
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On 06 March 2021 at 17:40

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