Under CGST Act Section 35, 2017, every registered dealer with an aggregate turnover of more than Rs. 2 crore in one financial year, is eligible for getting accounts audited. Aggregate turnover includes values of all taxable and exempt supplies (except inward supplies), interstate supplies, and exports made under the same PAN throughout India.
Continue reading “Criteria for GST Audit”Category: GST Audit
Compliances of GST Audit
Forms for Annual return and GST Audit:
| Type of taxpayer | Form to be filed |
| Whether or not applicable to GST Audit | |
| A Regular taxpayer filing GSTR 1 and GSTR 3B | GSTR-9 |
| A Taxpayer under Composition Scheme | GSTR-9A |
| E-commerce operator | GSTR-9B |
| Applicable for GST Audit | |
| Taxpayers whose turnover exceeds Rs. 2 crores in FY | GSTR-9C |
FAQ on GST Audit
Ques 1 Who is required to get his accounts audited for GST purposes?
Continue reading “FAQ on GST Audit”