BUSINESS RECEIPT MORE THAN GST TURNOVER
This query is : Resolved
25 July 2023
Dear Sir,
Gst turnover = 1859746
Business Receipt = 2018472
My query is,
I have filed my gstr-1 and 3b according to tcs credit received by amazon which is Rs. 1859746 but in AIS amazon data reflect Rs. 2018472. Why tcs and tds not deducted same amount.
I want to know what figure will be faken in gross receipt in itr4??
Gst turnover = 1859746
Business Receipt = 2018472
My query is,
I have filed my gstr-1 and 3b according to tcs credit received by amazon which is Rs. 1859746 but in AIS amazon data reflect Rs. 2018472. Why tcs and tds not deducted same amount.
I want to know what figure will be faken in gross receipt in itr4??
25 July 2023
For presumptive assessment in ITR 4, you have to take Rs. 20,18,472 as turnover.
Message likes :
1 times
25 July 2023
Thanks Sir, gross receipt in itr 4= 2018472 as according you but by entering gstin information 1859746 as gst turnover. Mismatch problem how will it solve...
25 July 2023
The mismatch is due to TDS deduction and GST. While you are declaring it on higher side based on AIS reported by Amazone, for ITR on presumptive basis which includes GST. So, there should not be problem.
Message likes :
1 times
25 July 2023
You are welcome.
25 July 2023
Sir amazon ne tcs 1859746 is amount par deduct kiya hai to tds bhi isi par deduct karna chahiye tha but tds is amount par 2018472 hi kyu deduct kiya. What is the reason..??
25 July 2023
You can ask it to amazon why they have considered the amount with GST for TDS deduction?
25 July 2023
My Pleasure.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
