Turnover 30 Lac
Profit 50 thousands
Required for audit?
2 Replies
Shivam RC
(Student)
(23683 Points)
Replied 30 July 2018
Every registered taxable person whose turnover during a financial year exceeds the prescribed limit [as per the latest GST Rules, the turnover limit is above Rs 2 crore] shall get his accounts audited by a chartered accountant or a cost accountant.
Since your Aggregate Turnover does not exceeds the prescribed limit of ₹ 2 crore , you are not required to get your Accounts Audited...
Since your Aggregate Turnover does not exceeds the prescribed limit of ₹ 2 crore , you are not required to get your Accounts Audited...
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