Turnover

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ARCHANA (Querist)
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29 June 2018 Sir,

In Incometax Turnover means Sales including Tax or Sales without Tax to mention in Profit and Loss A/c.

And GSTR1 which turnover mention including tax or without tax

Please clarify

Thanking you

RAJA P M

RAJA P M (Expert)
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29 June 2018 As per Income Tax view
U/s 44AA : Turn Over Calculated only Basic Values. It's mean without GST & VAT values...
U/s 44AD : Total bill values are calculated as Turn Over...

ARCHANA

ARCHANA (Querist)
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30 June 2018 Thank u Sir for your reply what about in GST

RAJA P M

RAJA P M (Expert)
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30 June 2018 (GSTR1 which turnover mention including tax or without tax)

Where you enter the values in GSTR 1?

ARCHANA

ARCHANA (Querist)
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30 June 2018 Sir,

Quarterly return file GSTR1 in that column Gross Turnover we have to mention ie gross means including tax or without tax I am not able to understand

Thanking you

RAJA P M

RAJA P M (Expert)
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30 June 2018 You can enter Basic Values 9Turn Over) except GST Tax Values

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