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GST turnover

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Varchaswa Dewangan

3 Points Posted on 30 January 2020

is for the purpose of audit taxable turnover is taken for whole year or for 9 month I.e only gst period?

Replies (5)

Quick Summary

This discussion clarifies how GST turnover is calculated for audit purposes. It addresses whether the full financial year or just the GST period (July to March) should be considered. The consensus leans towards the full financial year for aggregate turnover, with specific adjustments for GSTR 9C reconciliation.

Roshni

Studwnt

1141 Points Posted on 30 January 2020

GST period

sathiyanatha rao

29 Points Posted on 30 January 2020

2017/2018 GST from 01/07/2017 to 31/03/2017, if your 9 months t/o less than 2.00 crs is your own option to file GST 9, If your t/o in 9 months morethan 2.00crs, your Auditor has to file annual return in GSTR 9C.

Varchaswa Dewangan

3 Points Posted on 30 January 2020

Gst law says that turnover during the f.y ( not gst period) so it is question of interpretation of statue?

CMA M.Keerthi chandra

C.A FINAL STUDENT AND QUALIFIED C.M.A

563 Points Posted on 30 January 2020

Aggregate Turnover of Rs 2.Cr should be considered annually.In 9C , in reconciliation statement Turnover from April to June will be deducted to reconcile with G.S.T Turnover.