Treatment of income of work contractor under income tax

This query is : Open

Mitesh (Querist)
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07 June 2018 Hello Everyone...
I want help for clarification on the above mentioned subject

As per GST, the supply of work contract is treated as Supply of Service and not as Supply of Goods so when a work contractor who had receive the contract for Rs. 35 lacs , for filing the Income Tax Return whether the work contractor can avail the benefit of Section 44AD i.e Presumptive Taxation income or as per GST it is treated as supply of service the benefit of Section 44ADA can be available or not ???

Please clarify the same

Thanks in advance

Nikhil Kaushik

Nikhil Kaushik (Expert)
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08 June 2018 please go through 44AD and 44ADA once properly. understand the scope of 44ADA - what professions are covered under it?

Gokul Sharma

Gokul Sharma (Expert)
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08 June 2018 nikhil sir ... IN 44AD Section ....what is the turnover to be taken.? means outward supply includes value of goods + charges of work done.
if we take only work done charges then also mismatch from GST Return T.O happens

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