11 June 2018
FOR THE PURPOSE OF ITR 4, THE TURNOVER DEFINITION SHOULD BE CONSIDERED AS INCOME TAX OR AS PER GST?
THE TURNOVER SHOULD BE CONSIDERED AS PER GSTR 3B OR GSTR 1 OR AS PER ANNUAL RETURN IF THERE IS ANY MISMATCH BETWEEN GSTR1 AND GSTR3B?
WHAT IF IN GST RETURN THE ASSESSEE HAS NOT SHOWN EXEMPT OUTWARD SUPPLY? SHOULD WE TAKE TURNOVER FROM RETURN EVEN THOUGH IT WILL BE WRONG TURNOVER? OR WE SHOULD DO WORKING AND FIND OUT AGGREGATE TURNOVER AND PUT CORRECT FIGURE?
IF WE PUT CORRECT FIGURE THEN THERE WILL BE MISMATCH WITH GSTR 3B/GSTR 1. IF WE PUT FIGURE FROM GSTR 3B/ GSTR1 THEN THERE WILL BE MISMATCH WITH ANNUAL RETURN.
11 June 2018
For the purpose of ITR 4 consider turnover as per income tax. Furnish GSTIN and GST turnover as per gstr 1 at the space separately provided in ITR. Difference when asked for can be explained.
CAclubindia
