banner_ad

GST Audit for entity trading in exempt goods

216 views 4 replies
User Avatar

3 Points Posted on 15 September 2018
does an proprietorship concern need to go for GST audit if the turnover exceeds 2 cr but the goods are exempt goods.
Reply Share Follow
On 15 September 2018 at 08:46 Report
Replies (4)
User Avatar

GST Practitioner
55067 Points Posted on 15 September 2018
Yes,.. GST audit is based on the turnover not on goods dealed
301 Reply
On 15 September 2018 at 12:05
User Avatar

24196 Points Posted on 17 September 2018
Yes, gst audit applicable as the turnover exceeds 2 crore.
161 Reply
On 17 September 2018 at 00:24
User Avatar

3 Points Posted on 17 September 2018
But definition of turnover do not include exempt goods
Reply
On 17 September 2018 at 08:32
User Avatar

GST Practitioner
55067 Points Posted on 17 September 2018

AS PER SECTION 2(6) : THE AGGREGATE TURNOVER INCLUDES EXEMPTED SUPPLIES ALSO.

KINDLY REFER THE ABOVE SECTION

301 Reply
On 17 September 2018 at 16:41


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details