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DO "TURNOVER" INCLUDE SERVICE TAX?

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(Querist)
25 March 2010 Dear Sirs,

For my engineering consulancy firm, if we exclude service tax, my turnover for FY 09-10 is below 10 lacs. Do I have to undergo audit. Note that we show service tax seperately in our invoices. The cheques received from customers is (bill+service tax)-TDS on bill+service tax.

I am getting different views on this matter. Please let me know specific provision / clause in IT rule for clarity.

Thanks and Regards,

YOGESH KELKAR
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
25 March 2010 for this you refer sec 44AB of IT act

in my opinion turnover include taxes also
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