TMI BlogAudit of AccountsX X X X Extracts X X X X X X X X Extracts X X X X ..... U/S 44AB of Income Tax Act it is mandatory to get accounts audited if gross sales turnover or gross receipts exceed Rs 40 Lakhs. I want to know whether while calculating the gross receipts or gross s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ales the amount of Service Tax is to be included or excluded. Experts opinion is urgently required. Please help. Nitika. - Reply By GOPALJI AGRAWAL - The Reply = Nikita, service tax is not added for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the purpose of turnover u/s 145A. But make sure that the assessee is not showing the gross sales including service tax. - Reply By DEV KUMAR KOTHARI - The Reply = AS per specific provisions of servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce tax, service tax stands diverted at source on collection, so it cannot be considered as trading receipt or gross turnover or receipt etc. As usual ST shoudl be shown separetely in bills, and accoun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts otherwise, it can be considered as trading receipt and ST paid as separate item of cost of services rendered. - Audit of Accounts - Query Started By: - Nitika Patni Dated:- 25-6-2010 Other Topics ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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