Gst turnover in itr 4

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This query is : Resolved

Ritu Alwani (Querist)

16 July 2018 One of my client is a Civil Contractor having gross receipts of almost 1 Crore. But till now he is not registered in GST.
So now I want to file his income tax return. I want to offer 6% of total turnover as profit as all receipts are through Cheque only

Ques 1 - Is he required to get registered in GST before filing his IT return for Financial year 2017-18
Ques 2 - Can I offer 6% of turnover as profits without doing audit.

Looking for positive reply

Thanks

Sneha Damani

Sneha Damani (Expert)

16 July 2018 1. It is advisable to register under GST before filing income tax return
2. Audit is mandatory for him

Message likes : 1 times

Ritu Alwani

Ritu Alwani (Querist)

19 July 2018 Why audit is mandatory ?? audit limit is 2 Cr.

Sneha Damani

Sneha Damani (Expert)

20 July 2018 if you opt for presumtive income scheme under section 44AD, you need to maintain books under section 44AA and get your accounts audited under section 44AB.

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