Threshold limit of 30 thousand
including GST or excluding GST?
8 Replies
sabyasachi mukherjee
(27638 Points)
Replied 12 February 2022
Gst is never included in threshold limit.
Please note when we report for financial statements sales are reported excluding gst .Please ignore sales projectons that has a different perspective and a different objective.
Please note when we report for financial statements sales are reported excluding gst .Please ignore sales projectons that has a different perspective and a different objective.
JJJ
(Need help)
(675 Points)
Replied 12 February 2022
GST is never included when determining income or expenses for income tax calculations.
When you pay the service provider, the basic amount is their income, and the GST is something they are collecting from you on behalf of the authorities.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 12 February 2022
Either GST or Tds it should be on taxable value which should not include the taxes
Aarti Maurya
(Student)
(3273 Points)
Replied 13 February 2022
It should exclude GST. Because TDS will be calculated on taxable value and it does not include taxes.
ADHIP KUMAR MISRA
(ACCOUNTS MANAGER)
(176 Points)
Replied 23 February 2022
Threshhold limit is always exclusive of GST .
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