Turnover Certificate for a bank

Turnover certificate for a bank is a factual statement, confirming the total turnover of your business for a specific period. This document is certified by a Chartered Accountant only. It includes the applicant's organisation’s entire annual turnover. It works as a declaration or a proof of accurate turnover. To get your certificate, connect with Bizfoc.

We provide a turnover certificate from a qualified CA for a bank who is experienced in this field and at very reasonable charges. Know about its fee structure, documents required, process, etc in detail.

What is a Turnover Certificate for a Bank?

A Turnover Certificate for a bank is a stamp approved by a Chartered Accountant to certifies the total turnover of an entity for a specific period. This certificate may last for one year to multiple years, depending on your requirements. It works as a proof that the entity has achieved the turnover amount mentioned in the certificate. This certificate shows detail of turnover based on either Income Tax Return or GST returns or audit reports, as applicable.

It is asked by banks while applying for loans, government for tender and many other purposes. This transfer is made under the applicant’s organisation’s entire annual turnover. Only a qualified Chartered Accountant can certify a Turnover Certificate.

Who can Certify a Turnover Certificate for a bank?

If you want a turnover certificate for a bank, you need to consult with an experienced Chartered Accountant. Only a qualified CA can certify your certificate. Make sure you have enough and complete information while applying for this Certificate. Inappropriate or incomplete details can lead to issues during the procedure.

Documents required for Turnover Certificate for a bank

For obtaining a Turnover Certificate for a bank need to gather following information:

• Name and details of the business entity
• Registration details
• Period for which the turnover is stated
• Purpose of certificate
• Details of the practising professional
• UDIN
• Any other information as required

How to get a Turnover Certificate for a bank?

To get a Turnover Certificate for a bank, you need to follow certain steps. These steps are not much difficult but will be advised to do under professional vision.

• Step 01: Documentation: For obtaining your certificate, you need to gather all the documents as listed above. Make sure the details are true and accurate. Incase of any false information, your turnover certificate can be cancelled.
• Step 02: Verification: After gathering all the required information, a chartered accountant will verify all the documents.
• Step 03: Draft Issued: Once the documents are verified by a chartered accountant, a draft copy will be shared.
• Step 04: Final Certificate Insurance: Once the draft is accepted, a final certificate copy is issued by him. At last you will get your turnover certificate for the bank.

Turnover Certificate Format

Following is the format for Turnover Certificate, you can read it in detail to get a better understanding related to it.

TURNOVER CERTIFICATE

Date – DD/MM/YY

TO WHOMSOEVER IT MAY CONCERN

This is to certify that M/s (Company Name), a company registered under Companies Act, 2013, having its registered address at (Complete Address) are in the business for 02 (two) completed years (considered up to 31st March of last Financial Year 2023). Their Turnover in execution of the contracts in each Financial Year during the preceding 02 (two) years are as given below:

This is further certified that the above Turnover is in line with the Turnover declared by the company in their GST Returns filed under GSTIN – GST No

For Name of CA firm

Chartered Accountants

Partner Name

Partner

Membership No:

Date:

Place:

UDIN:

Fees for Turnover Certificate for a bank

The fee for the Certificate depends on the Chartered Accountant. However, it usually lies between the range of ₹1000/- to ₹2000/-. You can get your certificate with Bizfoc at the most affordable price compared to others. As we at Bizfoc believe client satisfaction is our motto so, we offer a turnover certificate at just ₹1499/-.

Why Choose Bizfoc?

Bizfoc believes its clients satisfaction is on top, we provide a hustle free procedure so you can get your certificate within time and at an affordable price. Bizfoc has a professional team of CA with multiple years of experience who will assist you during the filling process and even after the filing. You can connect with Bizfoc to get your certificate.

Conclusion

A turnover certificate for a bank is a document which is issued by a chartered accountant. It includes the applicant's organisation’s entire annual turnover. One can get this certificate with Bizfoc at just ₹1499/-. Several information is required while applying for it such as name and details of organisation for which it will be issued, period & purpose of the certificate, UDIN, etc. In case of any false or misleading information a turnover certificate can be cancelled anytime. It would be suggested to get your certificate under a vision of any experienced chartered accountant.

Frequently Asked Questions (FAQs)