Regarding Sales Turnover
This query is : Resolved
11 December 2020
One of my clients showing turnover for the financial year 2019-20 as per GST is Rs.78,36,000. But his Bank statement shows a transaction value of Rs.1,17,00,000.
in which amount i should disclose as turnover in Income tax return.
in which amount i should disclose as turnover in Income tax return.
12 December 2020
You have to disclose the correct amount. If the amount in GST is correct then you can show that else if the amount as bank statement which is related to sales is correct then you have to show this. In case of mismatch between sales as per bank statement and GST then ascertain the reason for the differences and file GSTR 9 accordingly.
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