A CA-certified turnover certificate is what a bank, a tender authority, or a government department accepts as proof of your revenue.
500+ Certificates Issues
| Definition | Source | What it includes |
| Turnover (Companies Act) | Section 2(91), Companies Act, 2013 | Gross amount of revenue recognized in the profit and loss account from sale, supply, or distribution of goods, or from services rendered, during a financial year |
| Aggregate turnover (GST) | Section 2(6), CGST Act, 2017 | Taxable supplies + exempt supplies + exports + inter-State supplies of persons with the same PAN, computed all-India, excluding GST itself |
| Total sales/turnover / gross receipts (Income tax) | Audit provisions of the Income-tax Act | Business receipts as recorded in the books, used to test audit applicability |
| Turnover (MSME / Udyam) | MSMED Act, 2006 read with S.O. 1364(E) | Turnover as per ITR / GST data, excluding exports for classification purposes |
| Situation | Who asks for it | What they are testing |
| Government and PSU tenders, GeM bids | Procuring authority | Average annual turnover over the last 3 financial years against the tender's minimum eligibility |
| Working capital limits, CC/OD renewal, term loans | Banks and NBFCs | Revenue scale, drawing power, and consistency with the ITR and GST filings on record |
| Udyam registration and MSME reclassification | Ministry of MSME / lender | Whether the enterprise falls within micro, small, or medium limits |
| Subsidy, incentive, and export benefit claims | State industry departments, DGFT | Eligibility slabs tied to declared turnover |
| Empanelment with corporates and PSUs | Vendor onboarding team | Financial capacity to service the contract without failing midway |
| Visa, immigration, and overseas business filings | Consulate, foreign registrar | Genuineness and scale of the applicant's business |
| ISO and quality certification audits | Certification body | Organisation size for scoping the audit |
| Investor and buyer due diligence | Acquirer, PE/VC fund | An independently attested revenue base before valuation work begins |
The CA firm's name, address, membership number of the signing partner, and firm registration number (FRN).
Named wherever possible ("To, The Branch Manager, ___ Bank"), or "To Whomsoever It May Concern" only where the recipient is genuinely unknown.
Legal name, constitution, registered address, PAN, GSTIN and CIN or LLPIN as applicable.
Turnover for each financial year or period covered, stated in both figures and words, year by year rather than as a single blended total.
Which definition of turnover has been applied, and against which records the figure was verified: audited financial statements, books of account, GST returns, or the income tax return.
As required by the ICAI Guidance Note on Reports or Certificates for Special Purposes.
The certificate is issued for a stated purpose and should not be used for any other.
UDIN has been mandatory for all certificates issued by practising Chartered Accountants since 1 February 2019. A certificate without one is not verifiable and is routinely rejected.
| Straightforward cases where audited accounts are already in hand close in 2 to 3 working days. Cases involving multiple GSTINs, unreconciled differences between GST and books, or a prescribed tender format with unusual wording take longer and the reconciliation is the part worth doing properly, because it is what a lender will question later. |
| Certificate | Certifies | Typically required for |
| Turnover certificate | Revenue or gross receipts for a period | Tenders, working capital limits, MSME classification, subsidies |
| Net worth certificate | Assets less liabilities as on a date | Visa applications, director eligibility, bid security, guarantees |
| Working capital certificate | Current assets and current liabilities position | Bank limit assessment and renewal |
| Foreign remittance certificate | Tax position on a payment made abroad | Outward remittances to non-residents |
| Statutory audit report | True and fair view of the financial statements | Companies Act compliance and ROC filing |
| Tax audit report | Particulars prescribed under income tax law | Income tax compliance where thresholds are crossed |
Verifiable at source, every time.
Complete records in, and signed certificate out, in 2 to 4 working days.
We start from the clause you have to satisfy, not from a template. If the tender annexure prescribes wording, we reproduce it.
Where books, GST, and the ITR disagree, we identify why and record it so the difference is explained on your terms rather than queried later on theirs.
Group structures, branch registrations, and export turnover handled without guesswork.
Send us the tender clause, sanction letter, or application form along with your last three years of audited financials. We will confirm the exact definition and format required, quote a fixed fee, and issue a UDIN-verified certificate within 2 to 4 working days.
