GST AUDIT FOR GOODS TRANSPORT AGENCY

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GTA ( GOODS TRANSPORT AGENCY ) having turnover of 4 crores but services are liable to tax under reverse charge basis. whether supplies on reverse charge basis included in definition of turnover ? is GTA liable for GST Audit ? kindly clarify

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As per section 2- Aggregate turnover" means the aggregate value of all taxable supplies [excluding the value of inward supplies on which tax is payable by a person on reverse charge basis], exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;

As Per Section 35(5) of CGST Act- Every registered person whose turnover during a financial year exceeds the prescribed limit shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of the audited annual accounts, the reconciliation statement under sub-section [2] of Section 44 and such other documents in such form and manner as may be prescribed.

As per your case- You are providing Outward supply of taxable service on which tax is to be paid by recipient on RCM basis.

Hence you are required to get GST Audit.
Filing of GSTR-9 and GSTR-9C is mandatory to you.
Yes... I agreed to Mr Anup Agarwal.,

GST audit applicable to GTA if registered under GST and the value exceeding above 2cr...


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