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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Turnover for the purpose of sec 44AB
Replies (2)
No, Turnover not includes taxes like GST
If Turnover Rs. 2 crore without adding GST then Audit required under section 44AB
If Turnover Rs. 2 crore without adding GST then Audit required under section 44AB
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...
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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