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
Menu
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
Recent Topics :
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
Related Topics :
CAclubindia
