Most urgent regarding commision

my clint Recd payment for transportation Rs 1 cr and paid Rs 95 lakh to truck owners and earn only 5 lakh Rs only.

Bank acc show receipt Rs 1cr but my earnings is only 5 lakh Rs.

for income tax return how to file return ITR ?

GST is applicable or not in this case??
Replies (3)
Quick Summary
This discussion addresses an urgent query regarding commission earned from a Rs 1 crore transportation payment. The user received Rs 1 crore, paid out Rs 95 lakh to truck owners, leaving a Rs 5 lakh commission. They need advice on filing their Income Tax Return (ITR) and whether GST is applicable to this commission income.

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It largely depends on the terms of contract as to how it is framed
SIR GO FOR 45AB FOR THE CLIENT SIR AND DECLARE 5% ON RECEIPTS SIR

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