SSG (1936 Points)
24 July 2018Which receipts are to be shown in ITR-4 under Gross Receipts/Turnover as per GST - Tunover/Receipts as pe GSTR-3B or GSTR-1? Since GST started from 1st July 2017, do we need to give turnover/receipts for 9 months only or for the complete year. In case books of accounts are not yet prepared, whether we can skip Balance Sheet details (except - Debtors, Creditors, cash and Stock) in ITR-4?
Please guide.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170108 Points)
Replied 24 July 2018
Since GST started from 1st July 2017, do we need to give turnover/receipts for 9 months only or for the complete year.
Ans: No specific directives/clarification form either department. One can take it as per GSTR1
In case books of accounts are not yet prepared, whether we can skip Balance Sheet details (except - Debtors, Creditors, cash and Stock) in ITR-4?
Ans. Details are mandatory, must be filled as actual....... Try to estimate before month end.
Saifullah Khalid
(Autodidact/Curious )
(633 Points)
Replied 24 July 2018
| Originally posted by : SSG | ||
 |
Which receipts are to be shown in ITR-4 under Gross Receipts/Turnover as per GST - Tunover/Receipts as pe GSTR-3B or GSTR-1? Since GST started from 1st July 2017, do we need to give turnover/receipts for 9 months only or for the complete year. |  |
As GSTR1 of july 2017 already captured turnover of first quarter of F.Y 17-18 (April-June under VAT system ) so for ITR purpose the turnover should be the turnover of whole F.Y 17-18 .. GSTR1 already has that figure in it...
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
