Effect of gst on income tax return ????

Return 747 views 14 replies
what will be the effect of gst on income tax return. ???
Replies (14)

After GST  we can't show different Turnover under Income tax 

another one is rcm on expenses
@ ravi...what do you mean by different turnover??
turnover in gst portal and income tax portal should be same.
before gst there may be different between turnover.
turnover in gst portal and income tax portal should be same.
before gst there may be different between turnover.
and more thing. there is a big change in ITR filing.now you have to submit all expenses details separately while you submit your ITR.
if anybody was showing different turnover earlier, wasn't It illegal? if scruitny will held in future than they will surely cross check and turnover reported in vat and income tax .

why expense detail has to be submitted in ITR if the return is filed under 44 ADA ?

why expense detail has to be submitted in ITR if the return is filed under 44 ADA ?

which form are you using???

ITR 4S with pressumtive tax of 50 % of the turnover

what would be the effect if tay payer opt for composition scheme in gst and files normal itr return ??
now 4s has been changed to 4 from ay 2017-18....and there is
and there is no column for expenditure.....it has two columns only...one is of gross receipt and one is for presumptive income....make sure you are not using old utility or wrong one....


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register