In GST Dashboard Annual turnover is given and it is said that up to such date you can make correction if you find any difference in this turn over and the turnover as per your books of accounts. Practically we are careful about Filing of returns only, thereafter we do not open the GST site. Therefore we could not make any correction in the Turnover amounts, and the time limit expires. What are consequences of not making this correction ? Is there any other chance of making corrections ? Since which Financial year this started ? What will happen for Last so many years ?
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Matching annual turnover
Replies (25)
Quick Summary
You may get notice from GST Dept and pay the additional GST if required
No issues , updation required only for confirmation of your filing frequency.
Visit GST dept once and explain the facts for further process
No need for doing so as non updation of turnover does not attracts any liability, Also it is not compulsory under any provision of act
Prevention is better than cure under GST Act .. Resolve the issue at the earliest
Thank you Madam.
Thanks for response, In my opinion Madam Rashmi is Right and we should not make a issue Unnecessarily. Why to ask for trouble in the name of Prevention.
Welcome Dear........
If Audit is applicable then your auditor also may inform you about the Difference in turnover.
If not today, you may need to visit the GST Office later . The website data can't wiped out
If not today, you may need to visit the GST Office later . The website data can't wiped out
I am dealing in more than 1000 files and never ever called by department just for sake of difference in GST turnover.
People tell somany stories.
If you have more than 1000 files then you will not be able to be active on this platform for long hours
If you have more than 1000 files then you will not be able to be active on this platform for long hours
If I m self practising then I also have staff , it's just a commonsense. You also saw my active hours. Just i m out of station for vacation that why i m active here.
One more new story to be published some new news paper
Why you are so obsessed with yourself.
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