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Sec 44ad gst turnover

491 views 2 replies

sidhigiri

Ipcc

236 Points Joined April 2017

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.

209846 Points Joined July 2016

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

Sundararajan S

Final Student of ICAI

1764 Points Joined December 2015

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.