March-21return sales turnover query
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(Querist)
13 May 2021
Sir,
A gst registered regular scheme dealer
Sales turnover in f.y.19-20 Rs:60 lacs
Sales turnover in f.y .20-21Rs:55 lacs (rs:5 lacs decreased)
Question:
1.Dealer annual sales turnover increased compulsory in gst and it act.
2.sales turnover decreased any problems future.
A gst registered regular scheme dealer
Sales turnover in f.y.19-20 Rs:60 lacs
Sales turnover in f.y .20-21Rs:55 lacs (rs:5 lacs decreased)
Question:
1.Dealer annual sales turnover increased compulsory in gst and it act.
2.sales turnover decreased any problems future.
CA R SEETHARAMAN
(Expert)
13 May 2021
1 Not compulsory.
2 No problem in future. Sales turnover vary, decrease or increase it's not on our hands
2 No problem in future. Sales turnover vary, decrease or increase it's not on our hands
CA Puja Sharma
(Expert)
13 May 2021
No there is no such connection between decrease of turnover with GST & IT Act.
As far as your returns filed are correct and accurate.
As far as your returns filed are correct and accurate.
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