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ITR 4
I am proprietor of two shops.One is wholesale & second is retail shop.I am filing gst composition return as per wholesale shop's turnover and paying gst only on its turnover.Now in income tax return can I show the turnover of both the shops? If yes, then is there any gst liability arise on retail shop turnover ??In retail shop I have only cash sale.
Replies (8)
yes
both the turnover will consider for GST and Income Tax purpose.
you should pay GST on retail shop also.
both the turnover will consider for GST and Income Tax purpose.
you should pay GST on retail shop also.
Yes...
It's exactly wrong activity...
As per GST Your all business income fall under GST. So, Your retail shop income fall under GST. And You ll charge GST for the transactions and Show it under GST returns...
It's exactly wrong activity...
As per GST Your all business income fall under GST. So, Your retail shop income fall under GST. And You ll charge GST for the transactions and Show it under GST returns...
Can I revise gstr4 now to show retail shop turnover?
Revision not available in GST returns...
Then how can I show retail shop turnover in gst return ??
are you filed your GSTR 4 4th quarter?
yes filed
Oh....
Okay You ll pay Tax as per your sales values in every quarter with interest and add the details in Your next GSTR 4 return...
Okay You ll pay Tax as per your sales values in every quarter with interest and add the details in Your next GSTR 4 return...
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