If individual person registered under gst in one sate and partner in other state
This query is : Resolved
13 June 2023
if an individual person registerded under gst in one state with turnover app. Rs 1.16 cr. and partner in other firm in another state with turnover Rs 1 cr app. Cash entries is more than 5 % in both.
His ITR will be audited or not?
how can club turnover because he is 50% partner only in other firm?
His ITR will be audited or not?
how can club turnover because he is 50% partner only in other firm?
13 June 2023
The turnover of partnership firm is independent of the turnover of individual, as PAN & GSTIN of both the entities are different.
Audit liability is calculated on turnover of each PAN independently.
Audit liability is calculated on turnover of each PAN independently.
13 June 2023
Thanks for prompt reply Sir
13 June 2023
You are welcome.
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