DECLARED SALES TURNOVER IN IT RETURNS IN F.Y. 20-21

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Kollipara Sundaraiah (Querist)
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20 January 2022 SIR,
A composite scheme registered pharmacy retaile business dealer sale of turnover rs:58 lacs declared in gst returns f.y. 20-21(CMP-08 RETURN AND GSTR4 ANNUAL RETURN FILED).dealer rs:58 lacs turnover sales from cash mode receipts. but dealer online mode (google pay and phone pay etc) sales turnover rs:10 lacs amount not reported in gst returns f.y. 20-21.
Question:
1.Dealer sales turnover rs:58 lacs or (rs:58+10) rs:68 lacs declared in it returns.
2.dealer sales turnover rs:68 lacs declared difference rs:10 lacs amount tax through DRC-03 pay correct.
3.dealer sales turnover rs:58 lacs declared rs:10 lacs bank transactions treatment (adjustment procedure) in books.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 January 2022 1. Total TO will be Rs. 68 Lakhs.
2. Yes, correct.
3. Cr. Sales
Dr. Bank Acc. (in case any bank account not linked to digital payment, create a virtual bank acc.)

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Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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20 January 2022 sir, all bank accounts linked digital mode transaction credit amount cash deposit treatment accepted in books.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 January 2022 Yes, its direct credits to bank via UPI, so treat it as bank credits only.

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