Regarding Sales Turnover
This query is : Resolved
11 December 2020
One of my clients showing turnover for the financial year 2019-20 as per GST is Rs.78,36,000. But his Bank statement shows a transaction value of Rs.1,17,00,000.
in which amount i should disclose as turnover in Income tax return.
in which amount i should disclose as turnover in Income tax return.
12 December 2020
You have to disclose the correct amount. If the amount in GST is correct then you can show that else if the amount as bank statement which is related to sales is correct then you have to show this. In case of mismatch between sales as per bank statement and GST then ascertain the reason for the differences and file GSTR 9 accordingly.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Last year TDS Claim
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
