Does turnover include gst

ITR 1447 views 4 replies

does turnover include gst or taxable value

Replies (4)

Turnover is exclusive of GST.

Both ‘aggregate turnover’ defined u/s 2(6) of the CGST Act and ‘turnover in state’ defined u/s 2(112) of the CGST Act exclude central tax, state tax, union territory tax, integrated tax and cess.

Can You explain Your query...?
Are you asking about GST or Income Tax...?

Sir,

for income tax return filing, to showing Amount of turnover/Gross receipt as per the GST return filed

If You will file u/s 44ad then You ll show Total value as Turn over...

If You will file u/s 44aa then You can show basic value (Except GST / VAT values) as Your turn over value


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