Question

Which of the following is incorrect when calculating the turnover of an enterprise for classification as micro, small, or medium?

Q: Answer-Which of the following is incorrect when calculating the turnover of an enterprise for classificati...

Calculation of Turnover Export of goods or services will be excluded at the time of calculation of turnover of an enterprise. Turnover will be calculated based on linked income tax returns and GST portals. In the case of New Enterprise, t urnover will be based on Self Declaration, and from the 2nd year onwards, it will be Linked t o Income Tax Return and GSTIN. PAN and GSTIN are mandatory for turnover calculation after 31st March 2021

A Export of goods or services will be excluded at the time of calculation of turnover of an enterprise.

B Export of goods or services will be included at the time of calculation of turnover of an enterprise.

C Turnover will be calculated based on linked income tax returns and GST portals

D The turnover related figures of such enterprise which do not have PAN will be considered on self-declaration basis for a period up to 31st March 2021

E PAN and GSTIN are mandatory for turnover calculation after 31st March 2021