What is the limit of turnover for applicability of GST Audit for FY 2018-19 ? As per Press release of 14-03-20, Turnover limit of Rs 5 Cr is applicable for MSME, whereas as per proviso to Rule 80(3), for businesses with an annual turnover of less than Rs 5 crore, filing of GSTR-9C for FY 2018-19 is waived off. Please clarify.

Reply- As per first provisio to rule 80 (3) that every registered person whose aggregate turnover during the financial year 2018-2019 exceeds five crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C for the financial year 2018-2019

Thus turnover limit for GST audit for FY 2018-19 is Rs 5cr