https://www.taxtmi.com/forum/issue?id=114089 Whether turnover for section 44AD includes GST is disputed: one view treats GST as part of turnover for computing presumptive profit and the turnover ceiling, while the Guidance Note on tax audit and analogous Central Sales Tax deduction provisions suggest indirect taxes included in sales price should be excluded from turnover when computing presumptive income. en-us Tue, 28 Aug 2018 18:12:16 +0530 Thu, 23 Jan 2025 15:55:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114089 Whether turnover for section 44AD includes GST is disputed: one view treats GST as part of turnover for computing presumptive profit and the turnover ceiling, while the Guidance Note on tax audit and analogous Central Sales Tax deduction provisions suggest indirect taxes included in sales price should be excluded from turnover when computing presumptive income. Discussion-Forum Income Tax Tue, 28 Aug 2018 18:12:16 +0530 https://www.taxtmi.com/forum/issue?id=114089