Gross reeipts u/s 44ad
This query is : Open
23 July 2018
Dear Sir
Will GST Tax Collected on sales be included in Total Turnover or Gross Receipts u/s 44 AD ??
Please advice
Will GST Tax Collected on sales be included in Total Turnover or Gross Receipts u/s 44 AD ??
Please advice
23 July 2018
Taxes are not to be included in turnover. They are current liabilities to be remitted to the tax authorities.
Message likes :
2 times
24 July 2018
Yes... GST X VAT tax is included if File ITR u/s 44ad...
As per 44ad Your all business related receipts is calculated as turn over including Tax (GST / VAT) tax...
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