{"id":16901,"date":"2023-08-30T07:01:29","date_gmt":"2023-08-30T07:01:29","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=16901"},"modified":"2024-05-09T09:35:21","modified_gmt":"2024-05-09T09:35:21","slug":"statutory-audit-limit-for-restaurants","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/statutory-audit-limit-for-restaurants\/","title":{"rendered":"What is the threshold limit of Statutory audit dedline for restaurants or hotels?"},"content":{"rendered":"<h2 style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18 alignleft\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"98\" height=\"47\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 98px) 100vw, 98px\" \/>Statutory Audit limit for Restaurants<\/h2>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Tax-Audit-1-1.jpg\" alt=\"Statutory Audit limit for Restaurants\" width=\"245\" height=\"245\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The annual turnover threshold for statutory audit due date in the case of restaurants or hotels is \u20b91 crore. This means that all restaurants or hotels with an annual turnover of more than \u20b9 1 crore are required to get their accounts audited by a chartered accountant before the 30th September of the following year.\\n\\nHere are some other factors that may also trigger a statutory audit for restaurants or hotels:\\n\\nIf the restaurant or hotel is a limited company\\nIf the restaurant or hotel is a public limited company\\nIf the restaurant or hotel is a subsidiary of a company that is already under statutory audit\\nIf the restaurant or hotel is a non-profit organization that receives more than \u20b9 50 lakhs in donations in a financial year&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\">The annual turnover threshold for Statutory Audit limit for Restaurants or hotels is \u20b91 crore.\u00a0<\/span><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The annual turnover threshold for statutory audit due date in the case of restaurants or hotels is \u20b91 crore. This means that all restaurants or hotels with an annual turnover of more than \u20b9 1 crore are required to get their accounts audited by a chartered accountant before the 30th September of the following year.\\n\\nHere are some other factors that may also trigger a statutory audit for restaurants or hotels:\\n\\nIf the restaurant or hotel is a limited company\\nIf the restaurant or hotel is a public limited company\\nIf the restaurant or hotel is a subsidiary of a company that is already under statutory audit\\nIf the restaurant or hotel is a non-profit organization that receives more than \u20b9 50 lakhs in donations in a financial year&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"> This means that all restaurants or hotels with an annual turnover of more than \u20b9 1 crore are required to get their accounts audited by a chartered accountant before the 30th September of the following year.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Here are some other factors that may also trigger a statutory audit for restaurants or hotels:<\/strong><\/p>\n<ul>\n<li>If the restaurant or hotel is a limited company<\/li>\n<li>If the restaurant or hotel is a public limited company<\/li>\n<li>If the restaurant or hotel is a subsidiary of a company that is already under statutory audit<\/li>\n<li>If the restaurant or hotel is a non-profit organization that receives more than \u20b9 50 lakhs in donations in a financial year.<\/li>\n<\/ul>\n<p><strong>To visit: <a href=\"https:\/\/www.mca.gov.in\/\">https:\/\/www.mca.gov.in\/<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-15912 aligncenter\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit-300x158.webp\" alt=\"\" width=\"300\" height=\"158\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit-300x158.webp 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit-1024x538.webp 1024w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit-768x403.webp 768w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit-1536x806.webp 1536w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit-660x347.webp 660w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit-380x200.webp 380w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.webp 1600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>For further details access our website: <a href=\"https:\/\/vibrantfinserv.com\/\">https:\/\/vibrantfinserv.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statutory Audit limit for Restaurants &nbsp; The annual turnover threshold for Statutory Audit limit for Restaurants or hotels is \u20b91 crore.\u00a0 This means that all restaurants or hotels with an annual turnover of more than \u20b9 1 crore are required to get their accounts audited by a chartered accountant before the 30th September of the\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/statutory-audit-limit-for-restaurants\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":16946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2459],"tags":[3646,3648,3647],"class_list":["post-16901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-statutory-audit","tag-auditduedatehospitality","tag-hotelauditlimit","tag-restaurantauditthreshold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Statutory Audit limit for Restaurants\/ Article\/ VibrantFinserv-<\/title>\n<meta name=\"description\" content=\"The annual turnover threshold for Statutory Audit limit for Restaurants or hotels is \u20b91 crore.\u00a0 This means that all restaurants or-\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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