dear all,
one of our client have taken gst registration in December of a sole proprietary business . He particularly deals in milk products which are exempted goods..
But his turnover crosses 2crores for 4 months ....now is he liable for tax audit for FY : 2017-18 .?????
note : This business is temporary.
thanks
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gst on milk business
Replies (2)
Yes he is liable for tax audit
As per sec 35(5) audit is mandatory is turnover exceeds 2 credit in FY. As per sec 2(6) turnover includes exempt supply. So turnover is mandatory
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