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
CAclubindia
