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payment of tax
for a business man tax will paid on his turnover or profit???
Replies (6)
i mean under gst
turnover
Turnover not profit if your turnover if more than 20 lakh
or u r making interstate supply
Your T/O is above 20lakhs and you ll be register under GST. After registration your transaction based you ll fall liability or ITC...
IF your purchase vide Tax is Lower than Sales vide Tax you ll be pay the excess tax amount....
IF your purchase vide Tax is Lower than Sales vide Tax you ll be pay the excess tax amount....
thankyou
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