In ITR-4, SCH BP E9, Gross Receipt reported in GST is asked. How to calculate this figure for FY 2017-18 ? Does it mean sum of all sell invoice amounts from July-17 To March-18 as actually filed in GSTR-1 returns.
My turnover is below 5 lacs, is it compulsory to report GST turnover in ITR ? Please advise.
28 July 2018
Yes... You ll enter all invoice value in that column...
Note :
In ITR 4 Turn Over calculate full value of invoices and receipts including GST / VAT values.
29 July 2018
Thanks for advise. But is it a compulsion to mention GST turnover since there will be definite (and may be huge) mismatch between GST turnover (July-17 To March-18) and Gross receipt declared in ITR (April-17 To March-18).
29 July 2018
Understand the word "Amount of turnover/Gross receipt as per the GST return filed"... If GST turn over as per return means, when apply gst for then you ll be enter the values as per your gst returns. (it's only information related option. No more effects anywhere of ITR values...
Also You should enter FY 17-18 Turn over in the specific column (Gross Turnover or Gross Receipts)...
CAclubindia
