Gst turnover with Income Tax turnover

402 views 9 replies
Experts please tell me if my gst turnover is nil in gstr-3b and non-gst receipt is rs. 15,00,000. How will be treated in itr-4
Replies (9)

Will  you please elaborate  non GST supply  15,00,000/-?. ( source of income ) 

Sir this is a gross receipt of rs. 15,00,000 in credit side of P&L account due to excess of puchase over sales for the purpose of calculation of net profit. Tell me the solution please.....
Why are you not show sales in GSTR 3B return ?

Dear Sir reason for not showing sales in Gstr-3B Return because this is not gst Sales. Sir i want to know that in this case this rs. 15,00,000 will be show where in ITR-4.

Sir I am attaching P&L Account for example a firm is registred under GST and the Turnover of GST is NIL.

Sir i am totally confused about the turnover.

Mr. Asif Ali

Please provide details of Gross receipts ?

You need to report every type of sales in GST return like Non GST supply / Exempt supply

SIR MY ANOTHER QUESTION IS IF PURCHASE IS MORE THAN SALES FROM RS. 3,00,000 THAN WHAT ITEM I WILL ADD IN CREDIT SIDE OF P&L ACCOUNT FOR CALCULATING GROSS PROFIT.

DEAR SIR MY LAST QUERY PLEASE IF I WANT TO SHOW NET PROFIT RS. 3,78,624 IF MY SALES AND PURCHASE ACCORDING TO GST. SALES RS. 28,34,188 AND PURCHASES RS. 28,81,066 BOTH ARE GENUINE. I AM ENCLOSING EXAMPLE SHEET HEREWITH.

THANKS.

Do reverse working,add your revenue expenses to the net profit as shown above and arrive at the gross profit,any excess in the debit side of the trading account should be deducted from sales on the credit side of the trading account,the balancing amount should be considered as Closing Stock.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register