07 June 2018
Hello Everyone... I want help for clarification on the above mentioned subject
As per GST, the supply of work contract is treated as Supply of Service and not as Supply of Goods so when a work contractor who had receive the contract for Rs. 35 lacs , for filing the Income Tax Return whether the work contractor can avail the benefit of Section 44AD i.e Presumptive Taxation income or as per GST it is treated as supply of service the benefit of Section 44ADA can be available or not ???
08 June 2018
nikhil sir ... IN 44AD Section ....what is the turnover to be taken.? means outward supply includes value of goods + charges of work done. if we take only work done charges then also mismatch from GST Return T.O happens