Please advice is gst audit applicable for partnership firms in case turnover exceeds Rs 2 crores ???
Please advice is gst audit applicable for partnership firms in case turnover exceeds Rs 2 crores ???
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."
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