Gst taxpayer can show other income in itr

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This discussion explores whether an individual registered for GST, with low GST sales, can declare 'other source income' (like miscellaneous income or savings interest) on their Income Tax Return (ITR). The concern is whether specifying the nature of this income might inadvertently bring it under GST purview, especially if the client trades and repairs electronic products. The advice suggests that IT and GST turnovers are now compared, so such reporting needs careful consideration to avoid discrepancies.

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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01 January 2021 sir,
if a person(individual) registered under gst but billing very less in previous year and now wish to show OTHER SOURCE INCOME head (other Misc. income, not billed in gst)
Example:- PY GST Sale Rs 66500 net profit US 44AD Rs 6000
others Misc. income Rs 3,00,000 + 419 (saving interest)
ANY TECHNICAL ISSUES? PLEASE SUGGEST
regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 January 2021 What is the nature of miscellaneous income. Any GST applicable on it.

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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01 January 2021 it is not genuine but entered to increase ITR value

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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01 January 2021 it is not genuine but entered to increase ITR value

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 January 2021 You have to specify the nature of income in ITR

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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02 January 2021 sir,
if we specify nature of income it will fall under GST, because client is trading and repair electronic products.
we just want to show our more income, as per billing it is too low
regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 January 2021 Now IT and GST turnover/income compared so avoid such reporting.

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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02 January 2021 thank you very much Sir

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