turnover is incl gst or excl gst for determinig audit limit applicability !
Menu
Query for income tax
Replies (6)
Quick Summary
Excluding GST...
(But, Some of saying this is including GST)
(But, Some of saying this is including GST)
@ raja p m I need a clear answer sir..ur answer is 50-50.
| Originally posted by : caclub member | ||
 |
@ raja p m I need a clear answer sir..ur answer is 50-50. |  |
It's excluding GST.
Excluding GST
Excluding GST if in a regular scheme...
Including GST if in Composition Scheme
(1%, 5% etc. whatever applicable.......in compo.scheme)
| Originally posted by : Bhaavesh Ramdatti | ||
|
Excluding GST if in a regular scheme... Including GST if in Composition Scheme (1%, 5% etc. whatever applicable.......in compo.scheme) |
|
No...
In composition scheme the GST tax is expense account. Not income.
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
CAclubindia
