Gst & income Tax turnover

This query is : Resolved

Madhu M (Querist)
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16 November 2021
Dear sir

fy 20-21 my business is fruit selling 100% nil Rated and turnover 60lacss asper E way bill and asper GST Returns 40 lacs Because i have missed 20lacs while filling .GSTR 3B & R1....in the month of march -21 so it is fully nill rated no option for Amendment in the next month my doubt is now i want file my it returns in 26 AS shows only 40lcs ...can i file with 60 lacs or 40lacs ??? and current year 21-22 shows in 26 AS 20lacs.. how to make correction in 26 As because there is no business in current year .
.please suggest ................

Thanks in Advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 November 2021 No need for correction in 26AS.
File ITR for 60 lacs turnover.
You will not face any problem in GST as your product is nil rated.

Madhu M

Madhu M (Querist)
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18 November 2021 Thank you sir

But Next Year i may get notice to file the Income Tax Returns ..that Remain 20lacs of last Year so that What to do sir ????? or can we update the Declaration of Turnover in GST Portal sir ????

please Advise me sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 November 2021 You will not get any notice from income tax as no turnover in GST.

Madhu M

Madhu M (Querist)
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18 November 2021 Bust that missed 20 lacs filled in the month of April _2021 sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 November 2021 It's only missed filing can be replied easily.

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