applicability of GST AUDIT

[Richa Goyal]

SIR,

WE ARE A TRAVEL AGENT AND CHARGE COMMISSION OF SALES OF TICKETS WHERE WE PAY GST ON ON THE COMMISSION INCOME. MY COMMISSION INCOME IS 60 LAKHS WHEREAS MY TUNROVER IS 4 CRORES. THE AUDIT REPORT SHOWS TURNOVER AS RS 4 CRORES... WHETHER WE ARE LIABLE FOR GST AUDIT OR NOT?.. PLEASE ADVICE.

[Prudhvi Jakkula]

Madam,

Kindly elaborate your question. If you are a commission agent then your turnover will be only ₹ 60 lakhs then there will be no requirement of GST audit.

I did not understand the point of 4 crores turnover.

[KASTURI SETHI]

Your commission collected in a year is your turnover. If any doubt, post your further query.

[PAWAN KUMAR]

if your turnover during a financial year exceeds ₹ 2.00 crore there is a requirement for getting GST Audit under section 35 (5) of CGST Act by an CA or CMA. In your case if your turnover on single PAN across the country is ₹ 4.00 crore, you are liable for GST Audit.

AI Summary

GST audit threshold: aggregate turnover across PAN can trigger mandatory audit when statutory threshold is exceeded. For practical compliance the operative point advanced in the discussion is that the audit obligation attaches to aggregate turnover computed as per the statute rather than necessarily the narrow invoice line for commission income; if aggregate turnover on the single PAN across the country exceeds the statutory audit threshold there is a requirement to get a GST audit by an authorised accountant as prescribed under the law.