Respected Members,
The Exempt Turnover of Feb 21 is around 46 lac & Total Turnover of feb is around 54 lac.While Filing GSTR-1 the Exempt Turnover along with Total Turnover has been reported correctly. But while filing 3B for Feb month due to oversight the Exempt Turnover was Filed as 4.6 cr (clerical mistake).
1) Any suggestions on how to Deal with this in GST?
2) What will be its implications on Income Tax and possible solutions?
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Turnover Mismatch 3B vs 1
Replies (3)
Quick Summary
Ans 1. you have correct Exempt sale on Gstr-3B for the subsequent Month
2. I think no implication on income Tax Because you have correct Gstr-3B on subsequent month
Because you Have adjust exempt sale on Gstr-3B your turnover is correct.
2. I think no implication on income Tax Because you have correct Gstr-3B on subsequent month
Because you Have adjust exempt sale on Gstr-3B your turnover is correct.
1. Nothing to do , correct in annual return
2. It is clearical mistake , no implications on Income tax & GST
2. It is clearical mistake , no implications on Income tax & GST
1. You can rectify the mistake in subsequent months.
2. there is no implication in income tax and Gst if you rectify it.
2. there is no implication in income tax and Gst if you rectify it.
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