DECLARED SALES TURNOVER IN IT RETURNS IN F.Y. 20-21
This query is : Resolved
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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.
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.
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.)
2. Yes, correct.
3. Cr. Sales
Dr. Bank Acc. (in case any bank account not linked to digital payment, create a virtual bank acc.)
Message likes :
1 times
20 January 2022
sir, all bank accounts linked digital mode transaction credit amount cash deposit treatment accepted in books.
Message likes :
1 times
20 January 2022
Yes, its direct credits to bank via UPI, so treat it as bank credits only.
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