GSTR 9 Audit incase of GTA service provider
I am filing GSTR 9 of my client for FY 2018-19 who is into the business of providing GTA services and he is exempt from paying GST on transportation.
But while filing income tax return Sales amount in Profit and Loss account was shown on receipt basis as per bank entries whereas Sales shown in GST returns were shown on the basis of actual bills made during the whole financial year. This has resulted in huge difference in Sales amount shown in Profit and loss account and Sales shown in GST returns for F.Y. 2018-19.
How can I resolve this issue. The difference between GST sales and Income tax Sales is 3 crore.
There is no GST liability on this 3 crore amount as it comes under exempt supply. Is it the right way of maintaining accounts incase of Transporters under Income tax.
Please help me regarding this matter.
You may have to revise your Income Tax return.
What will be the implication of GST Sales in such case. In GSTR-1 I have filed the returns based on the bills booked during that year