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