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Mansi Sawant

Expert

Published on: Jun 24, 2026

Turnover certificate

A turnover certificate is a factual statement that certifies the turnover of the entity based on the requirements. The Turnover Certificate In India assures the users that the turnover generated by the business entity during a specific period. A turnover certificate is issued by the Chartered Accountant. This certificate certifies the total turnover of the applicant's organization. The turnover can be for 1 or more years depending on the requirements. This turnover is in the name of the organization's applicant and not that of a group or sister organization.

What information will be included in the turnover certificate?

The contents of the Turnover Certificate In India will depend on the requirements and the purpose for which the turnover certificate is being produced. A basic turnover certificate includes the following information:

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

What is the process to obtain a turnover certificate?

The process to obtain a Turnover Certificate In India is very simple :

  • Submit the documents as per the Checklist
  • Documents are verified by the CA
  • A Draft copy of the turnover certificate is shared
  • Once the draft is approved a final certified copy is issued by the Chartered Accountant

Where is the turnover certificate required?

A turnover certificate is required by anybody willing to get an assurance on the turnover of the entity in speculation. Here are some cases where the turnover certificate might be required.

  • For participating in tenders issued by the various companies, local authorities, and also institutes.
  • It is also required in the banks and the financial institution for loan purposes.
  • Also required by investors to fund an existing or new project/business.

Who can issue a Turnover Certificate In India?

The Turnover Certificate In India is a certificate that provides an assurance certificate to the user about the turnover of a business entity. It is issued by a practicing Chartered Accountant who is specializing in issuing the turnover certificate.    
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Frequently Asked Questions

Common questions about Turnover Certificate India.

A turnover certificate is a factual statement issued by a Chartered Accountant that certifies the total turnover of an organization for a specific period, usually for one or more financial years. It assures the users about the turnover generated by the business entity during that period.
A turnover certificate is required for various purposes, such as participating in tenders issued by companies or authorities, obtaining loans from banks or financial institutions, and for investors to fund an existing or new project/business. It provides assurance about the organization's turnover to the concerned parties.
A basic turnover certificate includes the name and registration details of the business entity, the period for which the turnover is stated, the purpose of the certificate, details of the practicing Chartered Accountant who issued it, and any other information as required by the user.
In India, a turnover certificate can only be issued by a practicing Chartered Accountant who specializes in issuing such certificates. They have the necessary expertise and qualifications to provide this assurance service.
The process of obtaining a turnover certificate in India is straightforward. The organization must submit the required documents to the Chartered Accountant, who then verifies the information. After approval, a draft copy is shared, and upon final approval, a certified copy of the turnover certificate is issued.
A turnover certificate is issued in the name of the specific organization's applicant and not for a group or sister organization. The turnover stated in the certificate is specific to the applicant organization and does not include the turnover of any other related entities.
The validity period of a turnover certificate depends on the purpose for which it is being issued and the requirements of the user. It is typically valid for the specific period mentioned in the certificate, which can be one or more financial years.
Yes, a turnover certificate can be revised or updated if there are any changes or corrections required in the information provided earlier. The Chartered Accountant can issue a revised or updated certificate based on the new information provided by the organization.
Yes, there can be legal implications if the information provided in the turnover certificate is found to be incorrect or misleading. The organization and the Chartered Accountant who issued the certificate can face penalties or legal action for providing false or inaccurate information.
No, a turnover certificate is not mandatory for all organizations. It is typically required when an organization needs to provide assurance about its turnover to a third party, such as for participating in tenders, obtaining loans, or seeking investment.