Hello,
April 2022 to feb 2023, we have filed gst return in which taxable value is Rs. 1,43,00,000. In March 2023 we have raised invoices of Rs. 49,20,500 in which gst @ 18% is Rs. 8,67,690. but not taken in march 2023 due to deficiency of funds. March invoices taken in April 2023 Gst returns.
In Annual Aggregate turnover we should taken Rs. 1,42,00,000 + 49,20,500( Rs. 1,92,20,500) or only Rs. 1,43,00,000.
In income tax sales/receipts turnover should consider as Rs. 1,43,00,000 + 49,20,500 ( Rs. 1,92,20,500) or only Rs. 1,43,00,000.
please guide me.
Were you not taking those invoices ( march month's ) ??? at the gst portal or in the books ?? You said that the march month's invoices taken in april 23 it means at the gst portal , right ?? If my understanding is correct, then no issue showing those invoices on april 23 but where you were shown ? in B2B or B2BA is the most important . If it is a march month's invoice then you will have to club 1.43 Cr. as far as concerned about the turnover consideration.
CAclubindia
