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GST Variance in IT

This query is : Resolved 
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(Querist)
11 May 2023 Respected Experts,

While preparing Financial Statements of one of my friends Prop Business, i observed that he has erroneously omitted few Sales Transactions in GST, which resulting variance between IT Turnover and GST

It is a Non Tax Audit Case

Since we are declaring 100 % Actual Sales in Income Tax, will there be any consequences for the variance happened in GST?

Kindly advise
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 May 2023 File GST annual return and report right GST turnover..
Notice may be issued from GST department.
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Accounts & Tax Consultant

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Accounts & Tax Consultant (Querist)
12 May 2023 Respected Sir,

Thanks much for the valuable response !

Hope there will not be any issues from Income Tax Point of view

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 May 2023 Income tax you reported higher turnover hence no issues.
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