Question ID :
41090
Tax Audit in case of Commission Agent
Dear Sir ,
Client is a commission agent in apmc market and main source of income is commission only but in GST he is showing sales
So for tax audit turnover limit should be checked or not and if on a safer side we do tax audit Whether sales figure to be shown or commission figure in 3CD report?
Thanks
Posted by
TIRTH SHAH
on
Jul 03, 2021
Filed Under
AUDIT
Only commission will be considered as turnover. If on a safer side tax Audi is conducted, sales, purchase and commission figures should be shown separately.
Posted by
CA. chunauti dholakia on
Jul 03, 2021
Answer ID :
81193
Ideally only commission income shall be shown as Income as there is no income other than commission one.
Posted by
CA. JHA SHANKAR KUMAR on
Jul 16, 2021