dear sir
I am doing business for gst nil rated goods supply for year above 1 cores.so my question is above 1 cores turnover tax audit applicable or not
Income Tax act and GST act are two different acts.
Income Tax act mandates Tax Audit if turnover exceeds 1 cr irrespective it being nil rated product.
However, if you are individual then you can file your returns under presumptive income sec 44AD and not get tax audit till turnover does not exceed 2cr.
CAclubindia
