Income tax return for Gst tax payer

225 views 2 replies
Every month I am trading of exempted goods (Agricultural)..
Every month I am filling both return (Form 1 and Form 3 B)...
what is the next step?

Simple , If I go to an Auditor what he will ask?
Example for this year trading..

Total purchase 1000
other Direct expense 150
sales 500 (purchase value 300)
stock 700

In a year I purchased goods for 1000 out of which I sold 300 units for 500
balance stock 700
profit 50 (200-Direct exp 150)
Replies (2)
GSTIN no. along with the copies of GSTR-1 and GSTR-3B. You should also bring all you transaction recorded during the period.

Ques : If I go to an Auditor what he will ask?

 

Ans : Based on Your Business related Documents :

=> GST Return Copies

=> Purchase and Sales Bills

=> Bank Satements & Cash Book / Ledger

=> Expense Details with supportive Documents/Papers

=> Outstanding Details

=> Others

 

Based on Your Individual related Documents :

==> Deductions related Documents

==> Saving Bank Accounts

==> Others


 

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