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Turnover audit limit
whats is turnover limit for Gst audit nd tax audit????
Replies (4)
under GST law every registered taxable person whose turnover during a financial year exceed the limit of Rs. 2 crore then AUDIT is compulsory.
As per INCOME TAX Audit is compulsory :-
1) For business if turnover exceed Rs. 1 crore during the previous year
2) for profession if gross receipt excess Rs. 50 Lakhs during the previous year.
As per INCOME TAX Audit is compulsory :-
1) For business if turnover exceed Rs. 1 crore during the previous year
2) for profession if gross receipt excess Rs. 50 Lakhs during the previous year.
under GST law every registered taxable person whose turnover during a financial year exceed the limit of Rs. 2 crore then AUDIT is compulsory.
As per INCOME TAX Audit is compulsory :-
1) For business if turnover exceed Rs. 1 crore during the previous year
2) for profession if gross receipt excess Rs. 50 Lakhs during the previous year.
As per INCOME TAX Audit is compulsory :-
1) For business if turnover exceed Rs. 1 crore during the previous year
2) for profession if gross receipt excess Rs. 50 Lakhs during the previous year.
ok tysm sir
ok tysm sir
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