sir
My client sell his product on Amazon from which his turnover for the year is 27 lakhs and this is match between GSTR-1 ,GSTR-3B and the sell show by amazon in tcs return which they deducted TCS in gst.
But in 26as they show total sales of Rs.35 lakhs on which they deducted tds u/s 194-O when I ask them about the difference they reply that the tds of 94o is deducted on total sales including sales return made during the year.
Kindly guide me if show my turnover as per gst than there is difference in 26as and gst turnover is there chances of getting notice from IT Deptt.
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DIFFERENCE BETWEEN 26AS AND GST TURNOVER
Replies (10)
Show your turnover as per your books/3B/R1
Hi Akshay
Did you find the reason for difference in GST Returns and Section 194O?
I am facing a similar issue
Hello akshay, we are facing the same issue. Have you found any solution for it?
Hello akshay, we are facing the same issue. Have you found any solution for it?
Also only amazon is doing this, flipkart snapdeal meesho are showing net sales(excluding returns).
I am also facing same problem MTR report & 26as sale figure not match, difference of Rs 7,45,450/- in FY 21-22 also in FY 20-21
Im facing this issue too , did any one find solution to this ?
Have you reconcile whether TDS is on Taxable Value or on Gross Sales Value ? I think if your client is receiving Advance Money the Amazon would deduct TDS on Gross Amount. So you can say that the difference is due to GST Amount on which Amazon had deducted TDS.
I am facing the same issue....
you can show the turnover as per the books and if suppose you receive the notice you can submit a reply by showing the credit notes which you have issued for sales return.
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