Turnover Certificate Means
- It’s quite often required by banks for loans, government for tenders, etc.
- This certificate contains details of turnover as per Income Tax Return or GST Returns as the case may be.
- This certificate is attested by qualified chartered accountant in practice with UDIN number.
- To open current account, GST Registration is not required. This turnover certificate would be sufficient to submit to bank to open current account for your business by saving so much of time & money involved in GST Registration & Returns without need for.
Turnover Certificate for Bank Loan
Format of the CA Certificate to be submitted by the business owner to certify the turnover
(On the letterhead of the Chartered Accountants firm)
CERTIFICATE
This is to certify that the books of account of the unit of M/s. , located at have been examined by us.
The annual turnover of the business for the last three financial years is as under.
| Year | Total Turnover(Rs.) | Turnover for each segment (individually) | % of segment wise turnover to total turnover |
| 20XX-20XX | |||
| 20XX-20XX | |||
| 20XX-20XX |
Turnvover Certificate for Tender
Format of the CA Certificate to be submitted by the business owner to certify the turnover
(On the letterhead of the Chartered Accountants firm)
Date: DD-MM-YYYY
To
<Organisation Name>,
<Business Address>
Dear Sir/ Ma’am,
Sub: Turnover Certificate for participation in Tenders, etc.
This is to certify that M/s ABC & Co, having office at are in the business of for completed years (considered upto 31-March of last Financial Year). Their Turnover in each Financial Year during the preceding years (years in words) are as given below:
YEAR TURNOVER (Rs.)
20XX-20XX 0000000
20XX-20XX 0000000
This is further certified that the above Turnover is in line with the Turnover declared by the Business in their Income Tax Returns filed under PAN No: ABCD1234E.
[OR]
This is further certified that the above Turnover is in line with GST Returns submitted by the Business under GSTIN: 36ABCD1234E56F which are verified by us.
[UDIN]
For XYZ & Co, Chartered Accountants
Partner, M.No/ FRN No.
Date:
Place:
Certificate for Current Account
CA Certificate is valid only if issued on Letter-head of the CA Firm with address and contact details
<Date>
<UDIN>
TO WHOMSOEVER IT MAY CONCERN
I have examined the books of accounts of S/o. , PAN: , aged about n years, resident of , carrying the business as proprietor under the name & the style of , having office at , produced the books of accounts before me and based upon such examination and such information & explanations received, I certify that the aggregate turnover of during the preceding financial year is less than threshold limits specified in Chapter VI of CGST Act, 2017. Accordingly, they are not liable to obtain the GST registration.
It is been said to us that, as and when the obligation to obtain GST registration arises, will mandatorily obtain the same. Also, they will inform the office of <Bank/ Organization name> about the GST registration number along with a copy of registration certificate thereof obtained through the respective state offices.
The invoices issued to them shall bear their GST registration number, prospectively from the date of them providing valid registration number.
[UDIN]
Certificate Instead of GST Registration
- To open a current account, GST Registration is quite often requested by various banks.
- GST Registration requires payment of GST to the Government even though you are not required to pay if your turnover is below 20 or 40 Lakhs, as the case may be.
- GST Registration will also lead to monthly compliance costs via filing GST returns & may need to incur late fees & penalities for non-filing or delayed filing monthly returns.
- Hence, we came with a solution as “CA Certification instead of GST Registration.
CA Certificate is valid only if issued on Letter-head of the CA Firm with address and contact details
<Date>
<UDIN>
TO WHOMSOEVER IT MAY CONCERN
I have examined the books of accounts of <business owner name> S/o. <father name>, PAN: <pan number>, aged about n years, resident of <present location>, carrying the business as proprietor under the name & the style of <trade name of business>, having office at <business address>, produced the books of accounts before me and based upon such examination and such information & explanations received, I certify that the aggregate turnover of <business owner name> during the preceding financial year is less than threshold limits specified in Chapter VI of CGST Act, 2017. Accordingly, they are not liable to obtain the GST registration.
It is been said to us that, as and when the obligation to obtain GST registration arises, will mandatorily obtain the same. Also, they will inform the office of <Bank/ Organization name> about the GST registration number along with a copy of registration certificate thereof obtained through the respective state offices.
The invoices issued to them shall bear their GST registration number, prospectively from the date of them providing valid registration number.
Place:
For <CA Firm Name>, Chartered Accountants
<Name of the CA>, M.No. / Firm No. 000000
Frequently Asked Questions
You can get from any qualified Chartered Accountant (CA), member of ICAI for any desired purposes.
We can also help you to get CA Certificate easily without any efforts. Contact Us Now.
To register a sole proprietorship firm there is no particular way unlike partnership firm, LLP, company. However, one can register himself through various modes as listed under.
- Trade License
- MSME Registration/ Udyog Aadhaar
- Labour License (State Govt Recognized – Shops & Establishment Registration)
- GST Registration (Central Govt Recognized)
It is to be noted that one shall register himself through any one mode among the above.
Alternatively, the business owner can obtain CA certificate instead of GST registration stating that the sales/ turnover is less than the basic limits specified under GST Law which is to be stated in a convincing manner. A professional like LPC Services can wisely handle it.
Its quite natural that officers often demand for GST Registration, especially for opening current account. Once GST Registration is obtained, it requires compulsory filing of GST returns on monthly or quarterly basis as the case may be. Failure to file GST returns before time leads to heavy late fees & penalties.
Alternatively, the small business owners can obtain CA Certificate with one time investment & reduce their risk to greater extent.
Yes. UDIN is mandatory for all CA Certificates as per FAQ on UDIN released by ICAI.
Yes there are many other modes of certificates issued by a chartered accountant. Example: Net-worth certificate, turnover certificate, capital expenditure certificate.
For any of the certificates mentioned else where, we can help you out.
Get CA Certificate From Us
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LPC Services Team will be in touch with you throughout the process of getting such certificate especially for sole proprietorship firm including turnover certificate, net-worth certificate & any other specified certificate.
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Founder CEO
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