Question ID :
31724
TURNOVER FOR AUDIT
WHICH TURNOVER TAKEN FOR GST AUDIT I.E. BASIC (WITHOUT GST) OR TOTAL TURNOVER (WITH GST). FOR EXAMPLE MY BASIC TURNOVER IS 1,85,00,000/- AND GST ON IT IS 51,80,000/- SO MY TOTAL TURNOVER IS 2,36,80,000/- . SO WHICH AMOUNT IS CONSIDER FOR UNIT TAKEN FOR AUDIT. RS. 1,85,00,000/- OR 2,36,80,000/-.
Posted by
AJITKUMAR L PATEL
on
Jun 30, 2018
Filed Under
GST
As per section 2(6) aggregate turnover excludes central tax, state tax etc. obviously gst is not part of aggregate turnover.
Posted by
CA. PATNALA SIVA PRASAD RAO on
Jun 30, 2018
Answer ID :
69840
AS PER SECTION 2 CLAUSE 6 DEFINATION OF TURNOVER EXCLUDES CENTRAL TAX,STATE TAX,UNION TERRITORY TAX,INTEGRATED TAX AND CESS. ACCORDINGLY TURNOVER FOR AUDIT PURPOSE MEANS BASIC TURNOVER(WITHOUT TAX).
Posted by
Pratibha Pitliya on
Jul 01, 2018