GST TURNOVER not seen in 26 AS

Earlier years in  26AS  - GST TURNOVER IS MENTIONED. But now not seen

GST Turnover  in AIS shown, is far less than business reciepts shown in 26AS. Jan-Mar qtr not seen yet. 

Is it necessary all things should be seen in AIS and then IT return can be filed.???? 

 

Replies (6)
Quick Summary
GST turnover information has moved from Form 26AS to the Annual Information Statement (AIS) as of 2022. You should now find your GST-reported turnover under the 'Business Receipts' category in your AIS on the income tax portal, not in Form 26AS, which primarily shows TDS and TCS data. It's crucial to reconcile your AIS business receipts with your GSTR returns before filing your Income Tax Return (ITR) to prevent any mismatches or future notices.

@ Shirish

It is always better to wait to the maximum possible for submitting ITR till data in AIS, TIS and 26AS are fully updated and match with each other.

This would avoid lots of headaches afterwards.

But one can always prepare the ITR to the maximum possible and do any last minute updates and checks before submitting.

 

Further in your case, you are at advantageous position since your turnover is less in 26AIS.

 

So you can wait for some time and go ahead and file your return with correct turnover. You can also request to correct the AIS data online.

 

 

Since I have to go abroad  tomo , I am filing my return .Not sure whether AAdhaar verification will be there.  I am taking all the data which is confirmed .  In case any tax credits left out I can take in revised return or not ? 

Thanks Sushant and Ranjan.

@ Shirish

All the best and safe travel tomorrow.

To do Verification using aadhaar, you have to get 6 digit OTP sms on your phone. Airtel and Vi sms are reaching abroad [most countries] without any problem, whereas Jio mobile sytem is totally different and you are unlikely to get a normal sms abroad if your aadhaar linked mobile number is a Jio number. 

To get Jio SMS outside India, you may need to subscribe to a Jio International roaming package mandatorily.

However, you should be able to verify using Netbanking [provided, AGAIN, you are not getting into Jio SMS OTP issue abroad for Netbanking login]

 

THANKS AGAIN. NOT TAKING ANY RISK . Have International roaming for VI. Will file return tomo and finish it off.

GST turnover data shifted from Form 26AS to the Annual Information Statement (AIS) after the AIS was expanded in 2022. Open AIS on the income tax portal and look under the Business Receipts category ,Your GST-reported turnover from GSTN should appear there, not in 26AS. Form 26AS now mainly covers TDS and TCS data. 
For ITR reconciliation, compare your AIS business receipts figure with your GSTR returns for the year, and reconcile any differences before filing the ITR to avoid a mismatch notice.

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