A gst registered dealer search by gst department physical stock verify some stock shortage found un accounting sales turnover.but dealer tax and int and penalty through on drc paid.
question:
dealer accounting treatment in books in gst and I t.act for un accounting sales turnover.
Menu
Accounting treatment for un accounting sales
Replies (1)
Hi you have to reconcile the sales value first, then, apply gst over it. I don’t think it act is needed here if you have not filed already.
Recent Topic
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
Related Topics
CAclubindia
