Turnover

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This query is : Resolved

ARCHANA (Querist)

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)

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)

30 June 2018 Thank u Sir for your reply what about in GST

RAJA P M

RAJA P M (Expert)

30 June 2018 (GSTR1 which turnover mention including tax or without tax)

Where you enter the values in GSTR 1?

ARCHANA

ARCHANA (Querist)

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)

30 June 2018 You can enter Basic Values 9Turn Over) except GST Tax Values

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