TDS DEDUCTED ON INVOICE AMOUNT INCLUSIVE OF GST
This query is : Resolved
18 September 2019
Dear Experts,
If GST is deducted on the amount inclusive of GST and I've Filed the returns declaring the turnover exclusive of GST and I have received a notice from IT dept (CPC) saying defective return??
Any solutions?? as to how to clear this
If GST is deducted on the amount inclusive of GST and I've Filed the returns declaring the turnover exclusive of GST and I have received a notice from IT dept (CPC) saying defective return??
Any solutions?? as to how to clear this
CA R SEETHARAMAN
(Expert)
18 September 2019
Accept the defect and file revised return declaring turnover inclusive of GST. Check the turnover with 26AS.
18 September 2019
Then Can I claim the GST component as Expense in my P and L Sir?
18 September 2019
If so will I not receive a notice from GST Dept that my Invoice Value is highly declared in IT Fiing?
CA R SEETHARAMAN
(Expert)
18 September 2019
1 Yes claim the GST component as Expense in your P and L.
2 You can explain the difference it will be acceptable.
2 You can explain the difference it will be acceptable.
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