AUDIT (Tax Audit in case of Commission Agent)

This discussion addresses a commission agent's tax audit requirements. The core issue is the discrepancy between GST turnover (₹8 crore) and actual commission income (₹7 lacs). It explores whether the tax audit turnover limit applies to the GST figure and how to correctly report sales and commission in the 3CD report. The advice suggests reporting both figures if commission is treated as business income and considering a tax audit under proviso to 44AD for safety.