When we file return U/s. 44AD, we take 6% on Gross Receipts. Is service tax or GST paid on such sales included in Gross Receipts? If yes, doesn't it become double taxation (like tax on service tax)?
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44ad - turnover
Replies (5)
No. GST paid is not included in such TO, provided shown separately........
You mean to say, if GST is shown seperately in the invoice...it should not be included in the turnover...Is it same with the service tax?
Yes.........
Thank You...
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