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
4 Replies
Bhavik Sindhvad
(student)
(162 Points)
Replied 04 February 2023
Turnover limit for applicability of GSTR-9 filing is without gst
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 04 February 2023
Excluding GST amount should be more than 2 crore
MPR Sanjay Kumar
(3145 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??
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??
CA Rashmi Gandhi
(Chartered Accountant)
(86495 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
When your purchase is more than sales then closing stock will be lesser than opening stock
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