Gstr9c having turnover 6 cr

if there is diff between gstr1 sale,gstr3b sale and income tax audited sale then how to show it in gstr9c
Replies (7)
Quick Summary
This discussion addresses discrepancies between sales figures reported in GSTR1, GSTR3B, and Income Tax audited statements for businesses with a turnover around 6 crore. It explains the necessity of reconciling these figures by identifying the reasons for differences, such as the inclusion of branch transfers in GST sales but not in Income Tax. The advice suggests reconciling turnover in GSTR9C tables 6 and 8 by matching annual return figures with audited financial statements.

1)  You have  to   reconcile  GSTR 1 & GSTR 3B   for  GST  Sale . 

2) You  have  to   reconcile  GST  Sale   with  Income  Tax  Sale  . 

   find out the difference . 

Note -  In GST  we  Consider  Branch  Transfer as  Sale ( Supply ) , However in Income Tax act no such provision  . 

 

In gstr3b sale is 6cr 14 lacs and in gstr1 sale is 6cr 7 lacs and in Income tax audit sale is 6 cr 13 lacs

Reconcile  as above and find out  difference . 

You have to reconcile the turnover on table no. 6 and 8
by reconciling the turnover shown in annual return and in audited financial statements
Sorry please explain in detail bcz i didnot get u completely.its urgent
Show the difference amount in those tables along with the reasons for such differences
That is gstr1 and gstr3b to be matched with audited balance sheet

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