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CA certificates for tenders and loans

Turnover Certificate by a CA: Uses, Documents and Format

A turnover certificate is a statement signed by a practising chartered accountant confirming a business's revenue for one or more financial years, taken from its books, audited accounts, income tax returns or GST returns. Tender committees, GeM buyers, banks and large customers ask for it to test size and track record. Here is what they ask for in 2026, how turnover is worked out, and what to keep ready.

Updated 2026-10-30 · Reviewed by a practising chartered accountant

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Quick answer

What is a turnover certificate?

A turnover certificate is a document signed by a practising chartered accountant, with a UDIN, stating the turnover of a proprietorship, firm, LLP or company for named financial years. It is drawn from audited accounts, ITRs or GST returns and is mainly used to meet turnover criteria in tenders, GeM bids, loans and vendor registrations.

  • Signed by a practising CA, with a UDIN
  • GeM bids test average turnover over the last three years
  • Figures come from audited accounts, ITRs or GST returns
  • The tender's own annexure format comes first

What is a turnover certificate and who signs it?

It is a short certificate on a CA firm's letterhead listing revenue year by year, the source of the figures and the purpose. Only a chartered accountant in practice can certify it, and the CA must generate a UDIN for it on ICAI's portal, as for every certificate since 1 February 2019.

Some bids also accept a cost accountant's certificate or the audited balance sheet itself, so read the clause. A turnover certificate is not the same as a net worth certificate, which measures assets less liabilities; many tenders ask for both.

Certificates are reserved work for practising chartered accountants. This page is general information; we do not quote fees or issue certificates.

Who asks for a CA turnover certificate?

Mainly public buyers and lenders, who want independent confirmation that a bidder or borrower has done business at a certain scale. Private customers appointing vendors or distributors ask too.

Common uses of a turnover certificate
UseWho asksWhat they check
GeM bidsCentral and state government buyersAverage annual turnover for the last three financial years against the bid minimum
Department and PSU tendersTender committeesTurnover per year or average, often on their own annexure
Bank tenders and empanelmentBanks buying goods or servicesTurnover and sometimes net worth on the bank's format
Working capital and term loansBanks and NBFCsScale of business and trend over years
Vendor or distributor onboardingLarge companies and brandsCapacity to handle volumes
MSE and startup claimsBuyers granting relaxationsSupporting papers for the category claimed

Udyam classification uses turnover limits (micro up to ₹10 crore from 1 April 2025); see our Udyam registration page.

Need help with turnover certificate? Talk to a chartered accountant in Delhi today. First call is free.

What does a GeM bid ask for in a turnover certificate for tender?

A GeM bid states a minimum average annual turnover for the last three financial years ending 31 March of the previous year, and accepts certified audited balance sheets or a certificate from a Chartered Accountant or Cost Accountant as proof, uploaded with the bid.

Here is how one live Delhi bid, checked on 30 October 2026, words it: GeM bid GEM/2026/B/8061931 (Delhi High Court, 25 September 2026).

What the bid clause means for you
Bid wording (summarised)What it means in practice
Average annual turnover of the last three years, ending 31 March of the previous FYFor a bid in late 2026, that is FY 2023-24, 2024-25 and 2025-26
Audited balance sheets or a CA / Cost Accountant certificateEither route works; the certificate is quicker to read
Bidder under three years oldAverage of completed financial years since constitution
DPIIT-registered startupRelaxed from bidder turnover, subject to quality and technical specifications
MSE or startup relaxationUpload supporting documents for the category claimed
OEM turnover criterionA separate certificate for the manufacturer, if the bid asks

The same bid's additional terms asked for a CA turnover certificate for FY 2023-24, 2024-25 and 2025-26. Each bid differs; read yours in full on bidplus.

How is turnover calculated for the certificate?

The CA takes revenue from operations for each year from the audited accounts where they exist, otherwise from the books and ITR, and reconciles it with GST returns. GST turnover and book turnover often differ, so the basis must be stated.

Sources of turnover and how they differ
SourceWhen usedWatch for
Audited statement of profit and lossCompanies, LLPs and audited firmsUse revenue from operations; other income is shown separately if at all
ITR and computationNon-audit proprietors and firmsPresumptive income returns still report gross receipts
GSTR-1 and GSTR-3BCross-check for registered businessesExcludes GST charged; includes or excludes exempt supplies differently from books
Books of accountCurrent year to dateUnaudited; tenders usually want completed years

If the bid defines turnover, for example only work of a similar nature, the CA follows that definition.

What documents are needed for a turnover certificate?

Give the CA the financial statements and returns for every year the bid covers, plus registration details that appear on the certificate. Missing years are the main reason for delay.

Documents checklist
DocumentPurpose
Audited balance sheet and profit and loss account for each yearPrimary source of turnover
ITR acknowledgments and computationsConfirms figures were reported to the tax department
GSTR-1, GSTR-3B and annual returns where filedReconciliation of sales
PAN, GSTIN, CIN or LLPIN, partnership deedIdentity of the entity on the certificate
Udyam or DPIIT certificateIf claiming MSE or startup relaxation
The tender annexure or bank formatSo the CA drafts on the right layout

Pending GST returns? Bring them up to date through GST return filing before asking for the certificate.

How do you get a turnover certificate: step by step

Plan it around the bid closing date, since the CA needs time to reconcile and the bid portal needs the final signed copy.

  1. 1

    Read the eligibility clause

    Note the years, the minimum average, whose turnover counts and the required format.

  2. 2

    Collect statements for each year

    Gather audited accounts, ITRs and GST returns for the years named.

  3. 3

    Reconcile sources

    The CA compares books, ITR and GST figures and records the reasons for any gaps.

  4. 4

    Draft on the prescribed annexure

    If the bid gives a format, the CA uses it word for word; otherwise a standard layout.

  5. 5

    UDIN and signature

    The CA signs, generates the UDIN and adds membership and firm details.

  6. 6

    Upload and keep originals

    Upload a clear scan to the bid and keep the signed original for verification.

What does a turnover certificate format contain?

A standard layout shows the entity's name and identifiers, a table of turnover per financial year with the average if needed, the source of figures, the purpose, and the CA's signature block with UDIN, place and date. Buyers such as banks often print their own CA certificate format in the tender, which then replaces any standard layout.

  • Heading and addressee, or "to whom it may concern".
  • Entity name, constitution, PAN, GSTIN and CIN or LLPIN.
  • Year-wise turnover in figures, with the average if the bid uses one.
  • Basis: audited accounts, ITR or GST returns.
  • Purpose, naming the tender or bank.
  • Firm name, FRN, CA name, membership number, UDIN, place and date.

Turnover, net worth or solvency: which certificate does a tender need?

Read the eligibility table in the bid: turnover proves scale of sales, net worth proves the strength of the balance sheet, and solvency proves capacity to meet a stated sum. Large tenders often ask for two of the three, each on its own format.

Three financial certificates compared
CertificateMeasuresIssued byTypical tender use
Turnover certificateRevenue per financial yearPractising CA (some bids also accept a cost accountant)Minimum average turnover
Net worth certificateAssets minus liabilities on a datePractising CAPositive or minimum net worth
Solvency certificateAbility to meet a stated amountBank, or in Delhi the SDM for individuals and firmsFinancial capacity for contract value

Our solvency certificate page explains the bank and SDM routes in Delhi.

Why do bids reject turnover certificates?

Rejections usually trace to the wrong years, a generic format where an annexure was prescribed, figures that do not match the uploaded accounts, or a missing UDIN.

  • Wrong period. Calendar years or the current year in place of the last three completed financial years.
  • Format ignored. A bid checklist that says "strictly in the format provided" means exactly that.
  • Mismatch. Certificate turnover differs from the audited accounts uploaded in the same bid.
  • Group turnover. A sister concern's sales counted for the bidder.
  • No UDIN or an unverifiable signer. Buyers can check both online.

Where can you get a turnover certificate in Delhi?

Any practising chartered accountant can issue it; check the member on ICAI's CA Connect first. Browse our directory of chartered accountant firms in Delhi for factual listings, then approach a CA directly.

Manufacturers in the industrial belt can read our CA in Wazirpur page. Startups claiming the GeM relaxation should keep their DPIIT recognition certificate ready to upload.

Frequently asked questions

Who can issue a turnover certificate?

A practising chartered accountant with a UDIN. Some GeM bids also accept a cost accountant's certificate or certified audited balance sheets, so read the bid's clause.

Is UDIN required on a turnover certificate?

Yes. ICAI made UDIN mandatory for all certificates from 1 February 2019. Buyers can verify it on udin.icai.org.

Which years should a turnover certificate cover for a tender?

The years the bid names. GeM bids commonly use the last three financial years ending 31 March of the previous year, which for bids in late 2026 means FY 2023-24 to 2025-26.

Can a new business get a turnover certificate?

Yes, for completed years. GeM bids typically take the average of completed financial years for bidders under three years old, and DPIIT startups may be relaxed from the turnover criterion.

Is GST turnover the same as turnover in the certificate?

Not always. GST figures exclude tax and may treat exempt or non-GST supplies differently from books. The CA reconciles and states the basis used.

Can a proprietor without audited accounts get one?

Yes. The CA works from books, ITRs and GST returns and says so in the basis line. Some buyers insist on audited accounts, so check the bid.

Do banks ask for a turnover certificate for loans?

Some do, mostly for working capital limits or when audited accounts are not yet ready. The bank's format may ask for monthly or quarterly sales as well as yearly totals, so ask for it before the CA starts.

How long is a turnover certificate valid?

It speaks for the years it covers and has no legal expiry. Buyers usually want the latest completed financial year included, so a certificate made before the year's accounts closed may need updating.

What is the difference between a turnover certificate and audited accounts?

Audited accounts are the full financial statements. The certificate extracts turnover year by year, often averages it, and presents it on the buyer's format for quick evaluation.

Does CA in Delhi issue turnover certificates?

No. We publish information and a factual directory. Turnover certificates must be issued and signed by a practising chartered accountant you approach directly.

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