Question ID : 40869

Turnover as per GST and IT

Dealer is a contractor providing labor to companies such as HUL for Door to door marketing and sales of products on the purchase price. Here dealer is issuing Invoice for amount of charges for services provided as labor contractor. Whereas he purchases product at his own and resell the product in cash to end cunsumers without any profit margin....... So my question is, Whether we should include amount he collect from customer by selling the product without profit margin in output supply for GST and also whether it is to be included in Turnover for section 44AB of Income Tax?

If the purchase and sale is booked in the dealer's books of account, irrespective of the fact that it is done at cost price, it should be considered as supply under GST.