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GST audit turnover limit please help

Ankush (Student) (1309 Points)

13 August 2019

do we need to include turnover for non gst period as well that is April to June 2017 to see if turnover is exceeding 2 crores.

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4 Replies

ABHIJIT MANNA (ACCOUNTANT) (444 Points)
Replied 13 August 2019

Yes, GST audit will be applicable if your turnover exceeds Rs. 2 crores including April to June'17 sales.

Shubham Singhania (Student CA Final ) (293 Points)
Replied 13 August 2019

no as per press release on 3/7/2019
t/o from july17 to march18 will only b taken for the purpose of GST AUDIT

Shivam RC (Student) (23683 Points)
Replied 13 August 2019

Rs.2 crore Turnover limit for GST Audit u/s 35(5) of the CGST Act 2017, will be reckoned from JULY 2017 to MARCH 2018 and not from April 2017 to March 2018.

The same has also been clarified by the CBIC DEPARTMENT by way of Press Release.

Warm Regards.

Ayushi Jain (Taxation CS compliance and Audit) (36 Points)
Replied 14 August 2019

The GST Aggregate turnover should be considered from Apr-17 to Mar-18 as mentioned in Section 35(5). It is mentioned as prescribed limit in financial year. Financial year is from Apr-17 to Mar-18.