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Turnover limit for gstr 9

surendra jain (91 Points)

04 February 2023

please clarify the turnover limit of 2 crore is including gst tax Or not for filling of gstr 9

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4 Replies

Bhavik Sindhvad (student) (161 Points)
Replied 04 February 2023

Turnover limit for applicability of GSTR-9 filing is without gst

3 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 04 February 2023

Excluding GST amount should be more than 2 crore

4 Like

MPR Sanjay Kumar (2979 Points)
Replied 04 February 2023

CA Rashmi Gandhi mam ,as per basic Accounting rules while preparing Trading a/c for an example if

opening stock RS 100
purchases Rs 25

sales 85

closing stock = op +put- sales = 40

so is there any common rules the closing stock is always less than the opening stock??

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 04 February 2023

No , also you need to add profit in the above amount for calculating closing stock.

When your purchase is more than sales then closing stock will be lesser than opening stock

3 Like