co-operative society tax audit tronover 1.cr or 2.cr .rs
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170288 Points)
Replied 07 February 2019
Under GST the limit is Rs .2 Crs.
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 07 February 2019
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 07 February 2019
With respect to Co-operative society both Central and State can enact law. If the state does not make law the co-operative Society will be governed by 'Co-Operative Societies Act 1912'.
Under Sec 17 of Co-Operative Societies Act 1912 the register of Co-operative Societies can audit the accounts by giving general or special order. However, there is no compulsory audit by Chartered Accountant unlike Companies Act 1956.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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