Mismatch in itr 4 turnover and gst turnover
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2018
Hi
Assessee has GST TURNOVER during fy2017-18 500000
But as per balance sheet submitted to bank turnover is around 40 Lacs.
ITR shows the turnover of Rs 40 Lacs.
Assessee runs a CASH CREDIT of rs. 8lacs from the bank.
How to overcome this situation?
Assessee has GST TURNOVER during fy2017-18 500000
But as per balance sheet submitted to bank turnover is around 40 Lacs.
ITR shows the turnover of Rs 40 Lacs.
Assessee runs a CASH CREDIT of rs. 8lacs from the bank.
How to overcome this situation?
CA R SEETHARAMAN
(Expert)
10 September 2018
Prepare reconciliation statement.
You will receive notice from GST authority to explain the reason for the difference.
You will receive notice from GST authority to explain the reason for the difference.
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