{"id":17134,"date":"2023-08-30T11:30:10","date_gmt":"2023-08-30T11:30:10","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=17134"},"modified":"2024-04-13T05:23:05","modified_gmt":"2024-04-13T05:23:05","slug":"audit-date-of-parlor-and-spas","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/audit-date-of-parlor-and-spas\/","title":{"rendered":"29. Audit Date of Parlor and Spas: What is the threshold limit of Statutory audit due date for Spas &#038; Parlor Services?"},"content":{"rendered":"<p><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\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/audit-date-of-parlor-and-spas\/#Audit_Date_of_Parlor_and_Spas\" >Audit Date of Parlor and Spas<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/audit-date-of-parlor-and-spas\/#Here_are_some_other_points_to_keep_in_mind_about_statutory_audit_for_spas_and_parlor_services\" >Here are some other points to keep in mind about statutory audit for spas and parlor services:<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Audit_Date_of_Parlor_and_Spas\"><\/span><strong>Audit Date of Parlor and Spas<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Definition-of-Internal-audit-.jpeg\" alt=\"Audit Date of Parlor and Spas\" width=\"291\" height=\"194\" \/><\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The threshold limit for statutory audit due date for spas and parlor services is \u20b9 1 crore in terms of annual turnover. This means that if the annual turnover of a spa or parlor is more than \u20b9 1 crore, it is required to get its accounts audited by a chartered accountant. The audit report must be submitted to the concerned authorities within 30th September of the following year.\\n\\nHere are some other points to keep in mind about statutory audit for spas and parlor services:\\n\\nThe audit must be conducted by a chartered accountant who is registered with the Institute of Chartered Accountants of India (ICAI).\\nThe auditor must be independent of the spa or parlor.\\nThe audit report must be prepared in accordance with the Generally Accepted Accounting Principles (GAAP).\\nThe audit report must be submitted to the spa or parlor within 30th September of the following 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}\">Audit Date of Parlor and Spas, the threshold limit for statutory audit deadline for spas and parlors services is \u20b9 1 crore in terms of annual turnover. <\/span><\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The threshold limit for statutory audit due date for spas and parlor services is \u20b9 1 crore in terms of annual turnover. This means that if the annual turnover of a spa or parlor is more than \u20b9 1 crore, it is required to get its accounts audited by a chartered accountant. The audit report must be submitted to the concerned authorities within 30th September of the following year.\\n\\nHere are some other points to keep in mind about statutory audit for spas and parlor services:\\n\\nThe audit must be conducted by a chartered accountant who is registered with the Institute of Chartered Accountants of India (ICAI).\\nThe auditor must be independent of the spa or parlor.\\nThe audit report must be prepared in accordance with the Generally Accepted Accounting Principles (GAAP).\\nThe audit report must be submitted to the spa or parlor within 30th September of the following 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 if the annual turnover of a spa or parlor is more than \u20b9 1 crore, it is required to get its accounts audited by a chartered accountant. <\/span><\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The threshold limit for statutory audit due date for spas and parlor services is \u20b9 1 crore in terms of annual turnover. This means that if the annual turnover of a spa or parlor is more than \u20b9 1 crore, it is required to get its accounts audited by a chartered accountant. The audit report must be submitted to the concerned authorities within 30th September of the following year.\\n\\nHere are some other points to keep in mind about statutory audit for spas and parlor services:\\n\\nThe audit must be conducted by a chartered accountant who is registered with the Institute of Chartered Accountants of India (ICAI).\\nThe auditor must be independent of the spa or parlor.\\nThe audit report must be prepared in accordance with the Generally Accepted Accounting Principles (GAAP).\\nThe audit report must be submitted to the spa or parlor within 30th September of the following 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 audit report must be submitted to the concerned authorities within 30th September of the following year.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Here_are_some_other_points_to_keep_in_mind_about_statutory_audit_for_spas_and_parlor_services\"><\/span>Here are some other points to keep in mind about statutory audit for spas and parlor services:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><strong>1.<\/strong> The audit must be conducted by a chartered accountant who is registered with the Institute of Chartered Accountants of India (ICAI).<\/p>\n<p style=\"padding-left: 40px;\"><strong>2.<\/strong> The auditor must be independent of the spa or parlor.<\/p>\n<p style=\"padding-left: 40px;\"><strong>3.<\/strong> The audit report must be prepared in accordance with the Generally Accepted Accounting Principles (GAAP).<\/p>\n<p style=\"padding-left: 40px;\"><strong>4.<\/strong> The audit report must be submitted to the spa or parlor within 30th September of the following year.<\/p>\n<p><strong>To visit: <a href=\"https:\/\/www.mca.gov.in\/\">https:\/\/www.mca.gov.in\/<\/a><\/strong><\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-16946 aligncenter\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Tax-Audit-1-1-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Tax-Audit-1-1-300x300.jpg 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Tax-Audit-1-1-150x150.jpg 150w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Tax-Audit-1-1.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/h2>\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>Audit Date of Parlor and Spas &nbsp; Audit Date of Parlor and Spas, the threshold limit for statutory audit deadline for spas and parlors services is \u20b9 1 crore in terms of annual turnover. This means that if the annual turnover of a spa or parlor is more than \u20b9 1 crore, it is required\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/audit-date-of-parlor-and-spas\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":6543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2459],"tags":[3733,3735,3734],"class_list":["post-17134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-statutory-audit","tag-auditthresholdspasparlors","tag-parlorservicesauditdate","tag-statutoryauditlimitspas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Audit Date of Parlor and Spas\/ Article\/ VibrantFinserv-<\/title>\n<meta name=\"description\" content=\"Audit Date of Parlor and Spas, the threshold limit for statutory audit due date for spas and parlor services is \u20b9 1 crore in terms of-\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vibrantfinserv.com\/kb\/audit-date-of-parlor-and-spas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Audit Date of Parlor and Spas\/ Article\/ VibrantFinserv-\" \/>\n<meta property=\"og:description\" content=\"Audit Date of Parlor and Spas, the threshold limit for statutory audit due date for spas and parlor services is \u20b9 1 crore in terms of-\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vibrantfinserv.com\/kb\/audit-date-of-parlor-and-spas\/\" \/>\n<meta property=\"og:site_name\" content=\"Knowledge Base | Vibrant Finserv\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-30T11:30:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-13T05:23:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Definition-of-Internal-audit-.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"275\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"kbadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"kbadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/audit-date-of-parlor-and-spas\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/audit-date-of-parlor-and-spas\/\"},\"author\":{\"name\":\"kbadmin\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345\"},\"headline\":\"29. 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