My Client Doing Contract Business in Various Department While receiving Bill in Department they have Give GST Bill as - Total Bill Value - Rs.56,00,000/- For GST payment Turnover - 50,00,000 SGST - 300000 CSGT - 300000 they gave like this and i file in in GST like it but in 26AS they have shown 56,00,000, as taxable value and dedutced 1% Income Tax For that amount Rs. 56000/- my doubt is while filing IT the turnover should match with the 26AS I have shown the GST Turnover as 50,00,000/- But in the Department Filed 26AS as 56,00,000/- there is 6,00,000/- differ in GST & 26AS kindly give the clear adviseee
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Urgent - contract income differ in gst & form 26as
Replies (1)
it's beacouse the TDS (IT) is deductible from 1.4.18 i.e starting of financial year and TDS (GST) is dedicating from 1.10.18 so calculate amount of GST TDS from 1.10.18 you will get correct amount.
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