Turnover includes gst or not for purpose of sec 44ad


BMS LAW ASSOCIATES (ADVOCATE)     22 August 2019

BMS LAW ASSOCIATES
ADVOCATE 
 22 points

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I would suggest that do not include the GST amount in Turnover for Sec.44AD, unless we receive any clarification from CBDT or ITD  reason for not including GST in TO is, presumptive income will also be calculated on the GST amount which is never  consider as our income.

Therefore, I would say do not include GST amount in TO. Section 145A says about inclusion of tax for determining the income chargeable under the head Profits and gains of business & profession only and this section is not applicable for other purposes..


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