March-21return sales turnover query


This query is : Resolved 

Quick Summary
This discussion addresses concerns about a decrease in sales turnover for a GST-registered dealer. It clarifies that there's no compulsory requirement for annual sales turnover to increase under GST. Furthermore, a decrease in sales turnover does not pose any future problems, provided that GST returns are filed accurately and on time. The fluctuations in sales turnover are a normal business occurrence and are not directly linked to GST or IT Act compliance.

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.

13 May 2021 1 Not compulsory.
2 No problem in future. Sales turnover vary, decrease or increase it's not on our hands

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.


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