Difference in Sales as per GST Return and Income Tax Return
This query is : Resolved
31 January 2020
Dear Sir,
While filing GSTR-9 return for F.Y. 2017-18 of a Partnership firm (CA), I am getting a difference in Sales figure shown in my Income Tax Return and Sales figure reflecting in my GSTR-1.
The difference is due to Cash system of accounting followed while paying Service Tax. My query is how this calculation can be shown in GSTR-9 to match it with Sales as per Income tax return.
Regards,
Divyesh Jain
While filing GSTR-9 return for F.Y. 2017-18 of a Partnership firm (CA), I am getting a difference in Sales figure shown in my Income Tax Return and Sales figure reflecting in my GSTR-1.
The difference is due to Cash system of accounting followed while paying Service Tax. My query is how this calculation can be shown in GSTR-9 to match it with Sales as per Income tax return.
Regards,
Divyesh Jain
31 January 2020
Show it in 9c reconciliation.
03 February 2020
But the firm is not liable to file 9c reconciliation since turnover is below 2 crore
03 February 2020
In such a case 9 filing not mandatory. Even if it's filed you can reply when asked for.
04 February 2020
Ok, and one more thing, at the time of finalizing the accounts for F.Y. 2017-18, it was found that there was short payment of GST in GSTR-3B when we compared it with GSTR-1 of around 1 lac. Hence the payment was done at that time and amount is reflecting in Cash ledger balance. In this case, is it mandatory to file GSTR-9 to adjust the liability if not liable to GST Audit.
04 February 2020
Yes file it to adjust liability.
07 February 2020
Thank you Sir. My return is now filed.
07 February 2020
Welcome.................
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