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Turnover

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(Querist)
29 August 2020 SIR ,
I have GST Turnover of 678,000/- for the FY 2019-2020 of contracts.
But In Form 26 AS, Amount credited is 12,00,000/- u/s 194C

Which one to show as turnover in Income tax return .
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
29 August 2020 12,00,000 if it is correct.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
30 August 2020 You need to show the actual net turnover as per books of accounts as Form 26AS may show higher turnover as these are not accounted for purchase returns.
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