Gross turnover while filling itr4

ITR 591 views 2 replies

While filling ITR4 (Presumptive business income u/s 44AD), under schedule BP, we have the field E1 as "Gross Turnover or Gross Receipts". What is the value to be filled in this field? Does Gross turnover = Taxable value of outward supplies + GST?

Or, is Gross Turnover = Only Taxable value of outward supplies?

Also, Field E10 asks for annual value of outward supplies. I assume here we have to enter only Taxable value of outward supplies, and not Taxable value of outward supplies + GST

Please clarify

 

Replies (2)
turnover will include gst as per icds in field E1. and excluding gst in field E10
gross turnover = total value of taxable + non txbl+ nill+ example., etc. except gst


gst il be reflect only c.assets or c.liability


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register