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No gst sales in fy 2023-2024 but earned by commission

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(Querist)
05 April 2024 I have gst proprietorship firm and have gst commission income but no gst sales.Will I will be required to make a audit by a ca firm? Please advise urgently?
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
05 April 2024 that depends on the turnover.
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ARUN GUPTA

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ARUN GUPTA (Querist)
05 April 2024 Commission received is Rs1300000/ thirteen lakhs only
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ARUN GUPTA

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ARUN GUPTA (Querist)
05 April 2024 There are no sales turnover
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
05 April 2024 commission income is also sales only na.
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ARUN GUPTA

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ARUN GUPTA (Querist)
05 April 2024 Yes sales as per gst.so income tax audit required or not?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 April 2024 Income tax audit not required as turnover within the limit.
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
06 April 2024 at 13 lakhs commission income, no audit is required. However, you are required to maintain books of accounts and file ITR-3. No presumptive taxation is permitted in this case.
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