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...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- GST ON DAMAGED GOODS
- Last year TDS Claim
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
