Turnover in Bank statement exceeds 20 lac but no gst registration taken


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A client's bank account has shown gross receipts exceeding 20 lac in the past year, yet they haven't obtained GST registration. The question is whether they can still file ITR 4, declaring the turnover, and if this might attract notices from either the GST or Income Tax departments. The advice suggests filing ITR 4 is possible if the business is eligible, but a query from the GST department is a possibility, especially if services are being provided rather than goods.

(Querist)
30 July 2023 In my client bank account (saving A/C as no Current A/C) gross receipts has exceeded 20 lac last year but he has not taken GST registration yet. Can he file ITR 4 and show the turnover 23 lac (approx)? Will he Get any notice from GST or Income tax department?

30 July 2023 Yes, file ITR 4, if eligible business.
Yes he may get query from GST department if providing services.
Not for goods supply.

11 September 2024 Good Luck.


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