Sec 206(1H) income tax act

our turnover is 750000
and gst tax is 450000
the sec applicable on turnover 10 cr
turnover is including gst Or not
Replies (2)
Quick Summary
This discussion clarifies the applicability of Section 206(1H) of the Income Tax Act, particularly concerning turnover thresholds. The key question is whether the turnover figure used for this section should include Goods and Services Tax (GST) or be calculated exclusive of GST. The consensus leans towards excluding GST when determining the applicable turnover for Section 206(1H).

Not including GST
Turnover ex gst

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