Question ID : 40400

Contractor's GTO

As per the GST Law, Gross receipts of Govt Contractor is suppose to be reduced by the GST and accordingly Turnover is to be shown under GST. But if we show the same turnover in income-tax, it would mismatch with 26AS receipts. In either case, difference in GTO would result in scrutiny. What should be the appropriate way for income-tax return as well?

posted by SURAJ KUMAR CHOUDHURY on Sep 21 2019 12:00AM