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GST audit turnover limit please help


Ankush (Student)     13 August 2019

Ankush
Student 
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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.

ABHIJIT MANNA (ACCOUNTANT)     13 August 2019

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

avater

Shubham Singhania (Student CA Final )     13 August 2019

Shubham Singhania
Student CA Final  
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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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Shivam RC (Student)     13 August 2019

Shivam RC
Student 
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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)     14 August 2019

Ayushi Jain
Taxation CS compliance and Audit 
 36 points

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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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