T/o
This query is : Open
21 September 2017
Dear Sir,
Last year i am not registered under any act Like sales Tax, Service tax etc
but my business T/O in is 32 lakh
sales 21 lakh
Services 11 lakh
can i show my t/o under income tax 32 lakh as a gross receipts ??
not registered in any act ?
now i am registered under GST but last year not ..
what can i do ?
Last year i am not registered under any act Like sales Tax, Service tax etc
but my business T/O in is 32 lakh
sales 21 lakh
Services 11 lakh
can i show my t/o under income tax 32 lakh as a gross receipts ??
not registered in any act ?
now i am registered under GST but last year not ..
what can i do ?
22 September 2017
No need to worry. Show it in income tax.
But if you show t/o services more than 9 lakh then may be query raised against you as registration under service tax is compulsory if your turnover exceeds Rs.900000/-.
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