GST deducted for Consultants income tax treatment

[Shan S]

Presumptive Taxation claiming 50% deduction- Gross Turn over should include GST paid or Can it be deducted?

AI Summary

GST Inclusion in Gross Turnover: Navigating Presumptive Taxation Complexities Under Sections 44AD and 145A(ii) A discussion forum thread explores GST treatment for consultant income tax calculations under Section 44AD and Section 145A(ii). The primary legal question centers on whether Goods and Services Tax should be included in gross turnover for presumptive taxation or can be deducted as an expense. The forum participants debate the statutory interpretation of tax calculation methodology.