Please advice is gst audit applicable for partnership firms in case turnover exceeds Rs 2 crores ???
Deepak Gupta
(CA Student)
(15922 Points)
Replied 11 September 2018
Yes, because sec. 35(5) of the CGST Act begins with every registered person.
"Every registered person whose turnover during a financial year exceeds the prescribed limit shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of the audited annual accounts, the reconciliation statement under sub-section (2) of section 44 and such other documents in such form and manner as may be prescribed."
Shivam RC
(Student)
(23683 Points)
Replied 11 September 2018
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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