turnover is incl gst or excl gst for determinig audit limit applicability !
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Query for income tax
Replies (6)
Excluding GST...
(But, Some of saying this is including GST)
(But, Some of saying this is including GST)
@ raja p m I need a clear answer sir..ur answer is 50-50.
| Originally posted by : caclub member | ||
 |
@ raja p m I need a clear answer sir..ur answer is 50-50. |  |
It's excluding GST.
Excluding GST
Excluding GST if in a regular scheme...
Including GST if in Composition Scheme
(1%, 5% etc. whatever applicable.......in compo.scheme)
| Originally posted by : Bhaavesh Ramdatti | ||
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Excluding GST if in a regular scheme... Including GST if in Composition Scheme (1%, 5% etc. whatever applicable.......in compo.scheme) |
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No...
In composition scheme the GST tax is expense account. Not income.
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