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TURNOVER VS BANK TRANSACTION

This query is : Resolved 
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(Querist)
16 September 2021 ONE OF MY CLIENTS SHOW GST TURNOVER AS Rs.63,79,861. BUT HIS BANK STATEMENTS SHOWS THE TRANSACTION VALUE OF 1,12,43,519. WHETHER I DISCLOSE THE GST TURNOVER AS SALES OR BANK TRANSACTION VALUE?
IF I DISCLOSE THE GST TURNOVER AS SALES, IS THERE ANY QUERY REGARDING THE BANK TRANSACTION VALUE?
PLEASE GUIDE..
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 September 2021 Ascertain the reason behind the difference in transactions as per Bank account and the GST turnover. No opinion can be given based on the difference...
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PANDIAN BRIGHT

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PANDIAN BRIGHT (Querist)
16 September 2021 IF I DISCLOSE GST TURNOVER, WHAT TYPE OF ISSUES MAY I RECEIVE?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
17 September 2021 In case of scrutiny the excess amount treated as undisclosed income, liable to tax, interest & penalty.
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