Profit increased compulsory every year
This query is : Resolved
15 March 2022
Sir,
1.A Gst registered and it returns filed business person sales turnover and GP and NP increased compulsory every year.
2.sales turnover rs:2 crores person maximum and minimum gp and net profit show in it returns.
1.A Gst registered and it returns filed business person sales turnover and GP and NP increased compulsory every year.
2.sales turnover rs:2 crores person maximum and minimum gp and net profit show in it returns.
16 March 2022
It's not compulsory to show higher turnover and profit every year.
2 crore turnover show 8% profit or opt for tax audit in case of lower profit.
2 crore turnover show 8% profit or opt for tax audit in case of lower profit.
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