i am involved in tax free goods (garlic n onion) business tax free goods turn over is around 10 crore .i have purchase also packing material as bardan around 20 lack in last financial year for packing garlic no other taxable goods sales . packing material is consumed in garlic Gst audit is compulsory for my business. what i am liable for Gst audit.
Yes..... It's not question about Exempted or taxable Goods , the Notification 41/2020 CT , read with Rule 80 of CGST Act , whose AGGREGATE TURNOVER in FY exceeds 5Crore is liable to furnish GSTR 9C (Audit) .
Note : As per Defination of Aggregate Turnover provided on Section 2(6) of CGST Act , it includes turnover of both EXEMPTED & TAXABLE.
CAclubindia
