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Sales difference compared to last year

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Joshua Dsouza

161 Points Posted on 01 March 2023

hello
I file my it returns under 44ad.
last yr i have shown sales of rs 17,00,000
in itr i didn't have my gst registration so i showed High sales.
but this year i have gst registration and i have filed gst.but my turnover doesn't cross rs 5,00,0000. will there be any issues??

Replies (3)

Quick Summary

A user filing IT returns under section 44AD is concerned about a significant drop in declared sales compared to last year. Last year, without GST registration, sales were reported at £17,00,000. This year, with GST registration, turnover is below £5,00,000. The advice given is not to worry, as GST returns will accurately reflect the sales value.