watch_later 3 years, 3 months ago
Iam a transport commission agent. I arrange vehicles from sub brokers or lorry owners attached to me and supply the vehicles to transporters (GTA).
The transporter pays me the freight agreed. I inturn make the payment to sub broker or lorry owner against a cut or commission.
Let's say I hired a vehicle for 25000/- from a sub broker / lorry owner and supply to a GTA for 27000/-. The transporter pays me and I pay the sub broker / Lorry owner.
So I earn 2000/- which is my commission income.My query is will the 27000/- amount be considered my turnover or not.
Please reply ASAP.
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