WHEN COMMISSION INCOME AMOUNT IS TURNOVER OF A DTH RECHARGE VOUCHER SALER,THEN,WHAT IS TURNOVER inGS

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This query is : Resolved

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This discussion clarifies the difference between turnover for GST and Income Tax purposes for DTH recharge voucher sellers. While Income Tax considers only commission as turnover, GST requires declaring the total sale value of recharge vouchers. The advice suggests that declaring different turnover figures in GST and Income Tax returns is permissible, provided it's supported by the respective acts. It also touches upon managing Input Tax Credit (ITC) when recharge vouchers are not sold.

BISWAJIT MAIKAP

BISWAJIT MAIKAP (Querist)
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10 June 2022 Sir/Madam, When The commission income amount of a DTH recharge voucher saler/retailer is the Gross Turn over in income tax, Then what is the Turn over in GST ? A Recharge voucher saler retailer purchases recharge voucher from a company,then he sales as B2C ,he shows the total sale amount of recharge voucher in GSTR1 at B2C table and He shows the commission amount Bill of sale recharge voucher in B2B (Commission claims to company) .So his Annual turnover as per GST return is very high than Income Tax gross turnover (there are only commission income amount is the turn over) .So, my question is, can he shows defferent turnover (In Income tax as per commission income amount And In GST as per sale recharge voucher total amount) in GST RETURN and income tax return?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 June 2022 No need to show any turnover in b2c table of GSTR 1.
Showing the commission amount Bill of sale recharge voucher in B2B (Commission claims to company) is the right one.
In such a case no difference with IT turnover.

BISWAJIT MAIKAP

BISWAJIT MAIKAP (Querist)
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10 June 2022 I already show the turnover in b2c table , then will it create any problem? and if I will not show recharge voucher sale in B2C then ITC (ITC from Purchase Recharge voucher) will grow in ledger balance. then how to control it?

CA Pradeep Sharma

CA Pradeep Sharma (Expert)
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10 June 2022 There is no issue if ITC growing into your ledger if you are not availing same in GSTR-3B

BISWAJIT MAIKAP

BISWAJIT MAIKAP (Querist)
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10 June 2022 If I shall not claim ITC , then if Recharge voucher can't sale or unsold in future, then how to claim ITC in future by refund or by debit note ?

CA Pradeep Sharma

CA Pradeep Sharma (Expert)
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11 June 2022 You can not claim refund

BISWAJIT MAIKAP

BISWAJIT MAIKAP (Querist)
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11 June 2022 Sir , with respect i am giving an opinion that , Definition of Turnover in GST act and Income Tax Act is defferent and defferent explained also. So, I think In this above said matter, we can show defferent turnover in GST And Income Tax Return by supporting both Act.

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