Query for income tax

caclub member (accountant) (46 Points)

23 March 2024

turnover is incl gst or excl gst for determinig audit limit applicability !

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 23 March 2024

Excluding GST...

(But, Some of saying this is including GST)

caclub member (accountant) (46 Points)
Replied 24 March 2024

@ raja p m I need a clear answer sir..ur answer is 50-50.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 March 2024

Originally posted by : caclub member
	@ raja p m I need a clear answer sir..ur answer is 50-50.

It's excluding GST.

Bindu (CA Final Student) (112 Points)
Replied 24 March 2024

Excluding GST

Bhaavesh Ramdatti (2 Points)
Replied 26 March 2024

Excluding GST if in a regular scheme...
Including GST if in Composition Scheme
(1%, 5% etc. whatever applicable.......in compo.scheme)

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 March 2024

Originally posted by : Bhaavesh Ramdatti
	Excluding GST if in a regular scheme... Including GST if in Composition Scheme (1%, 5% etc. whatever applicable.......in compo.scheme)

No...

In composition scheme the GST tax is expense account. Not income.

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