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.
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