If an enterprise had turnover of Rs.35,00,000 during April 2017 to June 2017.
And after commencement of GST the same enterprise had 1,78,00,000/- during July 2017 to March 2018..
In total exceeds 2 crores during FY 2017-18...
1. Whether gst audit can apply to enterprise?
2. Whether Reconciliation can apply to enterprise?
Thanks in advance.
For GST Audit in financial year 2017-18, turnover will be taken from 1st July 2017 to 31st March 2018.
hence no Audit into your Case.
also GSTR-9 will be optional to file, but it is recommended to file GSTR-9 i.e. Annual return aka reconciliation statement.
CAclubindia
