08 August 2019
Section 35(5) of the CGST Act that refers to GST audit uses the expression financial year.Hence the turnover of the entire year 2017-18 should be taken for calculating the prescribed turnover limit.
08 August 2019
Thank you very much sir for your prompt reply. But what about the clarification issued by CBEC on 3rd july 2019 ? It says for the audit purpose of F.Y. 2017-18 turnover limit of 2Cr. is to be considered between July'17 to March '18.
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