ITR FORM CLARIFICATION

ITR 188 views 9 replies

A proprietorship concern having GST Number no turnover for F.Y. 2020-21, But he has other source of income, so which ITR form he has to be filed?

Replies (9)

If no activity of the business. you can file ITR 1 or 2 as per other satisfying criteria.

But sir, he has GST number, if he shows other income there will be charged GST or not?

It it comes under definition of 'SUPPLY' as per GST act, then naturally, GST will be applicable.

That's why I asked you he had nil gst return for F.y. 2020-21 so how he filed his income tax return with other source of income. 

What is the source of income? If it is bank interest or any other income which do not fall under range of SUPPLY under GST, then there want be GST applicable. Otherwise you may have to declare that supply in GST return itself!!

Sir I can not understand any other income which do not fall under range of SUPPLY under GST means if Rakhi Making charges or handicraft income, it will be under GST or not, then which form he should file. Because he did not show this income in GST return

 

These business transactions fall under supply category under GST act, may be under NIL rated, so you must revise the GST return first; and declare the turnover.

That turnover should be declared in ITR 3 or ITR 4 as business income; and not under IFOS.

Sir a person can file loss in ITR4 or he has to file ITR3

For any business loss declaration ITR 3 should be filed.


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