Dear All,
My client is a mobile recharge distributor. He is doing recharge of Rs 2 L daily. Also giving cheque to the company for the recharge in his firms account from his current account. He is receiving commission of 1.7 % on the recharge amount So my question is that 1) Is this type of turnover considered as sale and have to do tax audit ? or only commission is calculated as turnover ?
Menu
sale/turnover of mobile recharge distributor of idea company
Replies (2)
The whole recharge amount will counted as turnover .
You will take the bill for recharge amount from company as purchase & raise bill of sale for amount you recharge
Yes it will consider as sale /supply
Yes, agree with Pankaj sir.
Recharge amount is considered as supply, so the whole recharge amount sold will be the sales turnover.
Recharge amount is considered as supply, so the whole recharge amount sold will be the sales turnover.
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
