Turnover Difference in 26AS due to Accounting method?
This query is : Resolved
27 September 2019
I am clearing and forwarding agent and opting accrual basis accounting system. In the month of march 19 I had issued service bills of Rs. 12,00,000/- but service receiver company opting cash basis accounting and deducted TDS on march bill in FY 2019-20.
Due to that reason my turnover has decrease by Rs. 12,00,000 in Form No. 26AS credit and it will increase by 12 lac in next FY 2019-20. Therefore CPC issued notices regarding in both year. Therefore I want to know how I will show turnover to avoide CPC notices. Any Expert opinion in regards the same matter. ?
Due to that reason my turnover has decrease by Rs. 12,00,000 in Form No. 26AS credit and it will increase by 12 lac in next FY 2019-20. Therefore CPC issued notices regarding in both year. Therefore I want to know how I will show turnover to avoide CPC notices. Any Expert opinion in regards the same matter. ?
28 September 2019
Show turnover as per 26AS revise the return in response to the notice.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
