Does Gross Turnover Includes Sales Tax paid on sales of goods for the purposes of Sec 44 AD, when a separate account has been made for VAT Payable?
Menu
44ad , gross turnover
Replies (2)
Any question Join us on facebook and our experts will help you.
Visit our blog for more information about the above
Hi,
Please read the section carefully they have not used the words gross turnover but they use the words 'turnover' or 'gross receipts'
And in my opinion if you are trading concern then turnover is not inclusive of taxes.
Sales Tax is not be included while counting TURNOVER. This procedure is applicable for all purpose and not only for 44AD
vkbajaj1950 @ yahoo.co.in
Recent Topics :
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
Related Topics :
CAclubindia
