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Turnover for the purpose of sec 44AB

Final 403 views 2 replies
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94 Points Joined May 2018
can any one tell me with supporting provision of income tax act whether turnover includes indirect taxes incl gst for determining threshold of 2 crores ?

Is it compulsory to include gst in total turnover even if not credited to PL account?
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On 26 June 2018 at 22:57 Report
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Accountant
3479 Points Joined August 2014
No, Turnover not includes taxes like GST

If Turnover Rs. 2 crore without adding GST then Audit required under section 44AB
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On 27 June 2018 at 00:23
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
The Turn Over will be taken excluding Tax values like GST, VAT for filing u/s 44AB...

But,
The same is including Tax value for filing u/s 44AD...


If Your total bill values (Basic + (GST, VAT)) exceeding Rs. 2cr then it's not treat under 44ad then it's fall under 44AB...
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On 27 June 2018 at 07:35

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