Dear All,
We are a new established Real estate firm & this is our new project under construction. As per the norms all (Direct/Indirect Expenses etc) are being shown under Work-in-Progress (WIP) in Balance Sheet & P/L.
So, should we require to Audit before filling of GST Annual return.
If so, please advise briefly.
Regards
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Requirement GST Audit.
Replies (2)
Under GST, Audit is required if Aggregate Turnover exceeds 2 Crores.
Since last year there was also 3 months of VAT.
Does the turnover for GST Audit mean the total turnover of 12 months or 9 months of GST ?
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