27 July 2024
Dear Sir/Madam, if A client got GST registered from October 2023, example his total turnover before gst 600000 and after GST registration turnover is Rs. 400000, then what turnover should be final while filing his income tax return? the total turnover is Rs. 1000000 Will any demand raised by GST department regading turnover ? because in AIS turnover shows Rs. 400000
27 July 2024
For ITR it will be 10 lakhs, i.e. for full year. While for GST turnover starts only after registration in October. No demand can be raised for prior period.
CAclubindia
