Turnover limit for GST audit

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50 Points Posted on 26 September 2020
what is turnover limit for GST audit for Fin.Year 2018-19 ? please advise
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On 26 September 2020 at 14:49 Report
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For the financial year 2018-19, a GST audit is mandatory if your annual turnover under a single PAN exceeds 5 crore rupees. If your turnover is below this threshold, filing the GSTR 9C, which is the GST audit report, is optional for taxpayers. This limit is based on notifications issued by the relevant authorities.

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Service
255 Points Posted on 26 September 2020
As per the notification Annual Turnover limit under one PAN is above 5cr per year for FY 2018-19.
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On 26 September 2020 at 15:08
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Tax and Business Consultant
11616 Points Posted on 27 September 2020
For F.Y 2018-19, GST Audit is applicable/mandatory in case of turnover more than 5 Crore cases only, otherwise it's Optional for taxpayer to file GSTR 9C.
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On 27 September 2020 at 01:56
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GST Practitioner
55067 Points Posted on 28 September 2020
It's 5 crore .
(Refer Notification 16/2020CT)
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On 28 September 2020 at 00:55

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