i am a bussiness man, gst is taken (composition).i am paying 5 % slab goods while purchasing goods &while selling it i am paying 1% tax because of opting composite , @ end of the year we r showing 8 % net profit in itr,here i am earning not even much ,which I am paying as a taxes to the government.
Here my question is shall I show profit ratio less than 8 %.
CAclubindia
