Sec 44ad gst turnover

sidhigiri

Ipcc

170 Points Posted on 29 June 2018

One of my gst registered client has a turnover of Rs 45 lakh and Rs 12 lakh Commercial rent. (income under head house Properties) Both reported in GSTR 1

now my while filling ITR under Section 44 AD we also have to report turnover under GST so whether I should declare Turnover under GST Rs 45 lakh or Rs 57 lakh?

thanx

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121410 Points Posted on 29 June 2018

It is turnover under GST ... which is 57 lakhs as per GST returns filed.

Sundararajan S

Final Student of ICAI

986 Points Posted on 29 June 2018

See if the business of assessee itself is renting out, then 12 lakhs is business income. And turnover will be 57 lakhs. However, if letting out commercial premises is not the business of assessee, but it's just another income, then 12 lakhs will be house property income. and turnover for business u/s 44AD will be 45 lakhs only.

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Sec 44ad gst turnover

sidhigiri

Dhirajlal Rambhia

Sundararajan S

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