Gst sale figure in income tax filing
This query is : Open
01 June 2018
If a taxpayer has obtained GST No. & filed returns regularly but has not disclosed pre-GST turnover in GSTR 1.
Now while filing Income Tax return, he has to show full year turnover. If turnover in GST & Income Tax differs due to this reason, how to deal with it ?
Turnover of this customer is less than 20 Lakh, Is there a chance of receiving notice from department in this regards ?
If any customer receives the notice, how to respond ?
Now while filing Income Tax return, he has to show full year turnover. If turnover in GST & Income Tax differs due to this reason, how to deal with it ?
Turnover of this customer is less than 20 Lakh, Is there a chance of receiving notice from department in this regards ?
If any customer receives the notice, how to respond ?
01 June 2018
No need to worry about missing of Turn Over details in GSTR 1 return. It's just a information related option only...
02 June 2018
But some people says IT department is issuing notices for "mismatch in GSTR & Income Tax turnover and asking for clarification.
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
- CLOSING STOCK QUERY
- Missed TDS
- ITR 44AD SECTION
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- TDS on rent received on hardship compensation being rent on redevelopment of building
- NRI INSURANCE ADVISOR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
