Income as per income tax differ with gst to

Dear Members,

 

A person engaged in the business of Service Industry, He opted for presumptive basis U/s 44AD of Income Tax Act, 1961 and shown amount of Rs.30,00,000/- as To & 8% profits he paid Income Tax, But during FY 2017-18 he made sales as per service tax amounts to Rs.3,00,000 & shown 20,00,000 in GSTR-3B & GSTR-1. Is there any future consequences relating to the difference between presumptive income & income actually shown in GST returns that is there is a difference of Rs.7,00,000, what is the treatment for the same under GST.

 

Thanks & Regards

Ravindra.

Replies (1)

What was filled in ITR, under column .... 'Turnover as per GST returns?'

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details