Student
3986 Points
Joined July 2018
1. Sec 145A which specifies the method of accounting to be employed for the purpose of determining PGBP.
2. According to sec 145A, Turnover also includes taxes, duty, cess or fee. According to Income Tax profit to be reported for IT should include any tax, duty, cess, and fee.
3. So in my sense, GST should form part of Turnover in order to determine the applicability of sec 44AD.
Please correct me if the above interpretation has an alternative view.