GST audit turnover limit please help


Student

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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ACCOUNTANT

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

 
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Student CA Final

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
 
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GST Certification Course


Student

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.
 
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Taxation CS compliance and Audit

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. 

 

 
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