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)?
shreya singal (student) (297 Points)
25 October 2017When 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)?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160886 Points)
Replied 25 October 2017
No. GST paid is not included in such TO, provided shown separately........
shreya singal
(student)
(297 Points)
Replied 26 October 2017
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?
CAclubindia
