Dear sir
I have not reported the exempted sales in the gst returns. can I show in our income tax and will not have to face any problem in this
5 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 29 August 2022
For which F.Y you have not reported exempted supply in GST return.?.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 30 August 2022
You Can show exempt supply in GSTR9( Table 5) in Annual return F.Y 21-22 , so that your Income tax and GST turnover will tally .
veerendar singh
(tax consultant)
(3301 Points)
Replied 30 August 2022
Dont worry akhilesh.
you show all your turnover in income tax returns.
it wont lead to additional GST payment as non reporting of exempt turnover in gst return does not usually have any impact on gst liability except in case of apportionment of common itc.
you may want to consult some expert about common itc apportionment.
if you had any common itc then it would be better if you didnt show your exempt turnover in itr
you show all your turnover in income tax returns.
it wont lead to additional GST payment as non reporting of exempt turnover in gst return does not usually have any impact on gst liability except in case of apportionment of common itc.
you may want to consult some expert about common itc apportionment.
if you had any common itc then it would be better if you didnt show your exempt turnover in itr
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 September 2022
Declare such sale in annual return
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