Gross receipts as per gst in itr-4

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SSG

1307 Points Posted on 24 July 2018

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. 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.

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121546 Points Posted on 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

287 Points Posted on 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...