How is turnover calculated for audit limits?

Name: Vijay R Singh & Co.
Address: Office No. 4, Vishal CHSL, D Wing, Sir Mathuradas Vasanji Road, Azad Nagar, Opp. Andheri Gymkhana, Andheri East, Maharashtra, 400069, IN
Telephone: +91 98607 23959

CA Vijay R Singh, FCA
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W

Short answerFor tax-audit limits, turnover means your gross sales or receipts from the business, excluding GST if shown separately. It doesn’t include capital receipts or sale of fixed assets. Getting the turnover figure right decides whether the audit applies.

What's included / excluded

Include normal sales/receipts. Exclude capital receipts, sale of fixed assets, and (where shown separately) GST.

GST treatment

If GST is shown separately in invoices, it’s excluded from turnover; if billed inclusive, treatment differs. Confirm for your books.

Audit

← Back to all questions

Talk to CA Vijay R Singh

Want your turnover figure checked for the audit limit? You can message him directly, or book a short call to talk through your situation.

Book a 15-minute call
Message on WhatsApp
Email your query

This answer is general information for businesses, not professional advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.