A turnover certificate is a practising CA's signed statement of a business's turnover for the years asked for, taken from its audited accounts and reconciled to GST returns; a net worth certificate states its assets minus liabilities as at a date. Banks ask for them for cash credit, overdraft and term loan proposals, and tenders for their eligibility criteria. We issue both, CA-signed with UDIN.
| Turnover certificate | Net worth certificate | |
|---|---|---|
| Answers | How much the business sold, year by year | What the business owns minus what it owes, at a date |
| Period | One or more financial years — often the last three | One balance sheet date |
| Source | Audited P&L (or books and ITR), reconciled to GST returns | Audited balance sheet, or asset and liability records |
| Banks use it for | Sizing working capital limits against sales | Testing leverage and the promoter's stake |
| Tenders use it for | Average annual turnover criterion | Minimum or positive net worth criterion |
| Signed by | Practising CA, with UDIN | Practising CA, with UDIN |
Bidding for a government contract? The net worth certificate for tender page covers the Section 2(57) calculation and tender formats. For the loan side, see the guide to a net worth certificate for a business loan.
A partnership firm renewing a cash credit limit is asked for turnover for the last three years and net worth as at 31 March 2026.
| Financial year | Revenue as per audited accounts | GST aggregate turnover | Difference explained |
|---|---|---|---|
| 2023-24 | ₹4,10,00,000 | ₹4,12,50,000 | Credit notes issued after year end, booked in the next year |
| 2024-25 | ₹4,85,00,000 | ₹4,85,00,000 | None |
| 2025-26 | ₹5,40,00,000 | ₹5,52,00,000 | Stock transfer to a branch GSTIN in another state, eliminated in the books |
| Average | ₹4,78,33,333 | Certified on the accounts figure, reconciliation annexed |
Illustrative figures. The certificate reports one basis — here the audited accounts — and annexes the GST reconciliation, so an appraisal officer comparing it with the GST returns sees the reason for each gap rather than a mismatch.
If your bank also requires a periodic stock audit on the CC limit, see bank stock audit. Larger borrowers whose accounts need a tax audit should finish that first: the audited figures are what both certificates are drawn from.
Pick the speed and depth that matches your need. Same quality, same CA team — only the timeline changes.
Timeline: 24 to 72 hours
Timeline: 24 to 72 hours
Timeline: 5–7 days
Government fee — paid by you at actuals
None. A net worth certificate carries no government or statutory fee — it is issued by a practising Chartered Accountant under ICAI guidance and carries a UDIN, so the entire cost is the professional fee above. Any provider adding a "government fee" to a net worth certificate is padding the quote.
Every price above is a professional fee, excluding GST and government charges. 50% upfront, 50% on delivery.
All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.
PAN, ITR (3 years), audited financials, bank statements, property + demat, loan statements.
CA verifies all assets, ITRs, audited financials. Property valuation. Format as per bank requirements.
CA-signed certificate in bank-accepted format, with UDIN. Includes cover letter if required.
Tell us your requirement, a CA will call you in 30 minutes.
Many banks have their own template for working capital proposals. Where the lender gives one, we follow it exactly; where it does not, we use a standard CA format with the computation shown line by line.
Most banks want 3-year audited financials + ITRs to assess the financial track record of the business / individual.
For property hypothecation / mortgage, banks require a separate valuation report from a bank-approved valuer. We coordinate.
Banks commonly ask for a net worth certificate, often with a turnover certificate, for Cash Credit (CC), Overdraft (OD), term loan and project loan proposals. Which certificates are needed is set by the lender's checklist.
