we have four branches in different state having turnover less than 2 cr. each in total is more than 2 Cr.,whether we have to file four audited annual return or file without audit.
4 Replies
Ruchira
(Article)
(208 Points)
Replied 04 December 2018
Audit of all the 4 branches have to be done . Because under GST the definition of Turnover incluses aggregate turnover. Here , since the Aggregate turnover of all the branches is exceeding Rs. 2 CR, you have to do the audit of all the branches.
CA Ankit R Momaya
(Partner at Bhat Momaya & Associates)
(2319 Points)
Replied 04 December 2018
As per my understanding, you will be required to file 4 Reconciliation Statements after Audit in Form GSTR-9C.
The Turnover is computed PAN Based and not GSTIN Based.
pritesh
(CA Final student)
(7101 Points)
Replied 04 December 2018
you have to audit for all the four branches.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 04 December 2018
audit is required in the above given case as the turnover exceeds rs 2 cr in previour f/y and
turnover includes turnover of inclusive of branches
all branches need to get audited
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