Dear Experts
It is understood that supply under merchanting trade is outside the levy of gst.
So, is this required to be reported in gstr1 and / or gstr3b under the category of non-gst supply or exempt supply ?
If this is not shown in gst returns-- will this create a mismatch in turnover between gst and income tax records and hence invite scrutuny from either of those departments ?
Regards
Subrahmanyam & Sivudu CA Firm
Hyderabad
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Murali and Sumeet Chartered Accountant
Bengaluru
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New Delhi
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Twenty Point Nine Five Ventures Private Limited
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