Gst audit turnover limit for fy 2021-22
WebMay 25, 2024 · As per the GST Act, 2024, the registered taxpayers of India and the businesses whose turnover is above ₹ 2 crores in a financial year is accountable for GST Audit. The liable person must get their GST Audited by a cost accountant or a chartered accountant. The limit of GST turnover, i.e. ₹ 2 crores, is the same across all the borders … WebApr 13, 2024 · The turnover of the company for financial year 2024-18 was ₹ 150 crores and because of good overseas marketability of the company’s product, the turnover of the company for the year ended 31st March, 2024 increased to ₹ 210 crores.
Gst audit turnover limit for fy 2021-22
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WebDec 8, 2024 · A) Applicability for FY 2024-22. The applicability of GSTR 9 and GSTR 9C for FY 2024-22 is akin to that of FY 2024-21. However, for easy reference, we have reiterated the same below: GSTR 9 is to be furnished by all taxpayers whose aggregate turnover exceeds INR 2 crore. Conversely, GSTR 9 is exempt for taxpayers whose aggregate … WebDuring recent internal audit of Mr. X, it came to notice that in FY 2024-22, rates on some of his sale items was increased from 12% to 18% however he continued to charge old rate …
WebJan 13, 2024 · Mandatory requirements of GST audit for the financial year 2024-22. 1. HSN-related summary of outward supplies must be reported in Table 17. HSN code reporting is required for taxpayers with annual … WebAnswer (1 of 10): In my opinion in terms of section 145A of the I T Act for determining the meaning of the word “sales turnover” GST should also be considered for purpose …
WebIn simple words, Tax Audit Applicability for Assessment Year 2024-23 (F.Y. 2024-22) will come under this clause if both i.e., the aggregate of receipts in cash AND aggregate of …
WebFeb 16, 2024 · Importantly, it is to be noted that these provisions are not effective yet and therefore GST audit and filing of GSTR-9C is required for FY 2024-20 on or before February 28, 2024 (unless otherwise extended) if aggregate turnover is above Rs. 2 crore in case of GSTR-9 and Rs. 5 crore in case of GSTR-9C. Note: Amendments carried out …
WebFeb 19, 2024 · Latest Update on GSTR-9C. 5th July 2024. The CBIC has exempted GST-registered taxpayers with annual aggregate turnover up to Rs.2 crore in FY 21-22 from … pottery barn bathroom lightsWebJan 23, 2024 · Section 35 of the CGST Act, 2024 requires all dealers with a turnover over 2 crores in a financial year to file audited annual accounts and a reconciliation statement … pottery barn bathroom mirror clearancehttp://caportal.saginfotech.com/blog/gstr-9-due-dates/ touch up dabbersWebJan 2, 2024 · FY 2024-22: 31st December 2024: GSTR 9 (Annual Return) ... The institute of cost accounts of India has cordially demanded ministry of finance not to extend the threshold limit for filing GST Annual Returns and Audit Forms. ... If your total turnover for FY 2024-18 does not exceeds 2 cr limit, only GSTR 9 has to be filed for the month of July ... pottery barn bathroom light sconcesWebAug 16, 2024 · Revised Income Tax Audit Limits for AY 2024-23. In this article, we will discuss compulsory tax audit of accounts for A.Y.2024-23 (F.Y.2024-22 from 01-04 … pottery barn bathroom mirror cabinetWebJan 2, 2024 · FY 2024-22: 31st December 2024: GSTR 9 (Annual Return) ... The institute of cost accounts of India has cordially demanded ministry of finance not to extend the threshold limit for filing GST Annual Returns and Audit Forms. ... If your total turnover for FY 2024-18 does not exceeds 2 cr limit, only GSTR 9 has to be filed for the month of July ... pottery barn bathroom mirror with shelfWebMay 27, 2024 · A is provides ads plots on rent up Miss. Y turn monthly leasing of Rs. 1 lakh, then GST is geltend since the aggregate turnover of Mr. A is more than Rs. 20 lakhs i.e. 16 lakhs+12 lakhs = Rs. 28 lakhs. Hence, Mr. AN is liable to take record in this suitcase as well as responsible to settle GST in taxable turnover off Rs. 12 lakhs. pottery barn bathroom mirrors and lighting