Turnover certificate for various purposes

A turnover certificate is a detailed factual statement that attests to an entity's turnover in accordance with the requirements. This certificate guarantees the users that the business entity made a certain amount of revenue during a certain period of time.

Contents of a turnover certificate
It is depending upon its requirements and the purpose for which turnover certificate is being produced.

Basic turnover certificate contains:
1. Name & details of the business entity
2. Registration details
3. Period for which turnover is certifies
4. Purpose of turnover certificate
5. Basis by which the turnover mentioned in the certificate is arrived
6. Records examined during the course of issuance of certificate
7. Details about the party by whom the certificate is intended to be used or referred
8. Details of the practicing professional
9. UDIN
10. Any other information, as required.

Requirement of turnover certificate
Following are some common situations where turnover certificate might be required.
1. For Participation in tenders issued by various companies, local authorities & institutes
2. By Banks & financial institution for the purpose of loan
3. By Investors for the purpose of funding an existing or new project/business

Who can issue turnover certificate?
Practicing CA who specializes in issuance of turnover certificate.