Celebrate Freedom and save 20% OFF on CAclubindia Pro Subscription! Use code: FREEDOM20

Prescribed rule for gst audit

Prateek Gupta (2 Points)

03 July 2018

Please share what is the rule prescribed for gst audit u/s 35(5).

Reply
Follow
Share

1 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 03 July 2018

Rule 80(3) of the CGST Act, "Every registered person whose aggregate turnover during a financial year exceeds two crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner."