SECTION 44AD TURNOVER 26AS OR GST DATA

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This discussion addresses a common issue for Section 44AD filings where the turnover reported in GST differs significantly from the figure in Form 26AS. The primary concern is that the Income Tax Department considers the 26AS figures, which can lead to issues if previous year's payments are credited to the current year, potentially causing double-counting of sales. The advice given is to adopt the GST figures if a valid reason for the difference can be provided, as GST data is reflected in 26AS.

Sagar Panchal

Sagar Panchal (Querist)

18 December 2021 DEAR SIR/MADAM
CLIENT HAS GST DATA TURNOVER IS RS 29,51,433 AND 26AS TURNOVER IS RS
34,11,861. LAST YEAR WE HAVE FILED RETURN 4S WITH 4S WITH GST TURNOVER DATA BUT THIS TIME 26AS TURNOVER IS MORE THAN GST TURNOVER PLS HELP ME ON THIS.
REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

18 December 2021 Find the reason for 26AS turnover more than GST turnover.
If you have valid reason to explain then adopt which is right one.

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Sagar Panchal

Sagar Panchal (Querist)

18 December 2021 Thanks Dear Sir, previous year payments are credited to this year. There's a query regarding, will income tax department consider 26AS figures or GST summary. or whichever is higher will follow? if I file with 26AS amount, it may some sales bills are considered double time. Please guide on this

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

18 December 2021 Income tax department will consider 26AS figures.
GST figures are taken in 26AS.
Adopt GST figures if you have valid reason for the difference.

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