Confused about AEPS business ITR.

[Himanshubansal]

I'm running a AEPS business (Adhar Enabled Payment system). Because of it my daily bank transaction is almost 4-5 lac per day. But actually income is 400-500₹. I'm confuse about how to show my actual income in ITR. I'm also confused about GST for this business. Please guide me.

 

[arjungoyal12]

You can do it as Debited & Credit easily in ITR. Show it as Expenditure. The taxable income is only the profit that you make from your business