23 December 2021
DEAR SIR/MADAM CLIENT HAS GST DATA TURNOVER IS RS 29,51,433 AND 26AS TURNOVER IS RS 34,11,861. LAST YEAR WE HAVE FILED RETURN 4S WITH 4S WITH GST TURNOVER DATA BUT THIS TIME 26AS TURNOVER IS MORE THAN GST TURNOVER PLS HELP ME ON THIS. REGARDS
23 December 2021
File the Income Tax return on the basis of the correct/accurate turnover whether that is as per 26AS or GST Returns so that you can justify if any notice comes in future.
24 December 2021
Thanks for reply, GST turnover is correct. 26AS data is as per payment received and tax deducted base. 26AS turnover is higher than GST data because last year payment received in this financial year but client has no data for it.. Kindly guide. So if file return on basis of GST data, may any query raised by income tax department regarding showing less turnover than 26AS?
24 December 2021
Yes, definitely query will be raised, but you will have to justify the supplies of both the years as per GST data with bills raised, and the payment due with that effect.
24 December 2021
Thanks Sir, I will file with GST data, the problem is the client has no balance sheet and profit and loss account maintained earlier, but his debtor has maintained proper accounts so it will help in case of query raised. Thanks.
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