For my engineering consulancy firm, if we exclude service tax, my turnover for FY 09-10 is below 10 lacs. Do I have to undergo audit. Note that we show service tax seperately in our invoices. The cheques received from customers is (bill+service tax)-TDS on bill+service tax.
I am getting different views on this matter. Please let me know specific provision / clause in IT rule for clarity.
CAclubindia
