banner_ad

GST RETURN NILL FILE BUT MORE THAN DEPOSIT IN BANK 1 CR

ITR 301 views 2 replies

A dealer came to me, he having wholesale business of fruits (banana) also registered with GST, his accountant file NIL GST return through out last financial year 2022-23, but in Bank Current Account total cash deposit during the last financial year is  more than 1.72 Crore. Income tax return till not file – please advise what to do now ?

Replies (2)
Turnover from wholesale trade of banana is exempt under gst.
Can proceed to file ITR on basis of books of accounts. Also can opt for presumptive taxation, if books not maintained.
@ Ranjit,

Is nil GST means No tax liability or No Assessable value..??

Clear your query


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details