Meaning of Turnover in case of goods Transport Agent for Tax Audit

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Amol (Querist)
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13 June 2023 Dear please guide me to understand the meaning of turnover.

Our client is a goods transport agent business.

The client acts as an agent but he receives the amount from the company and from that he pays the truck owner and keeps his commission in his hands(Bank).

(Eg. My client received Rs. 10000/- from X Ltd and out of it he pays Rs. 9000/- to Mr. A (Truck Owner) and keeps Rs. 1000/- as commission.) also note that he has not issued any bill to X Ltd.

My question is what amount should be considered as turover while calculating its turnover?

Rs. 10000/-
Or
Rs. 1000/-

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 June 2023 Without the bill to company X ltd., on what bases the company makes payment to the agent?

Amol

Amol (Querist)
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13 June 2023 Sir,
Company X Ltd showed freight charges.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 June 2023 In that case take the value as Rs. 10,000/-

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