A gst registered composition scheme dealer sales turnover details mentioned below in in f.y.21-22
sales turnover as per books
1st quarter rs:18,93,320
2 nd quater rs 14,04,595
3rd quarter rs 15,18,516
4 th quater rs 14,79,179
sales turnover as gstr-4 returns
1.rs 420100
2, rs 420400
3rs,420400
4 590519
question,
Difference turnover tax pay procedure and tax pay with interest calculation procedure.
Difference turnover gstr-4 vs books f.y.21-22
Replies (1)
Summary: You must calculate the tax due on the unreported turnover and pay it along with 18% annual interest via Form DRC-03 on the GST portal, selecting "Annual Return" as the reason for payment. Note that GSTR-4 cannot be revised, so DRC-03 is the standard method for settling such discrepancies.
Recent Topics :
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
Related Topics :
CAclubindia
