Dear sir
I have not reported the exempted sales in the gst returns. can I show in our income tax and will not have to face any problem in this
Exempted sale
Replies (5)
Quick Summary
For which F.Y you have not reported exempted supply in GST return.?.
Financial year 2021-22
You Can show exempt supply in GSTR9( Table 5) in Annual return F.Y 21-22 , so that your Income tax and GST turnover will tally .
Dont worry akhilesh.
you show all your turnover in income tax returns.
it wont lead to additional GST payment as non reporting of exempt turnover in gst return does not usually have any impact on gst liability except in case of apportionment of common itc.
you may want to consult some expert about common itc apportionment.
if you had any common itc then it would be better if you didnt show your exempt turnover in itr
you show all your turnover in income tax returns.
it wont lead to additional GST payment as non reporting of exempt turnover in gst return does not usually have any impact on gst liability except in case of apportionment of common itc.
you may want to consult some expert about common itc apportionment.
if you had any common itc then it would be better if you didnt show your exempt turnover in itr
Declare such sale in annual return
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