Sir,
It return sec 44ad filer
F.y.18-19 GP 13 % NP 10.50%
F.y.19-20 GP 14% NP 10.80%
F.y.20-21 GP 12% NP 8%
If sales and purchase in f.y.20-21. increased.
Question:
If any penalties and other tax charged in it and gst act.
Under section 44AD you have to show a minimum 8% profit (6% in case of transactions in other than cash). In your case there will no issue.
You are showing profit at 8%, so there will be no issue under IT. GST department does not check your profits.
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