Gstr9c having turnover 6 cr

Jyoti Narang (Kkk) (1204 Points)

25 February 2021

if there is diff between gstr1 sale，gstr3b sale and income tax audited sale then how to show it in gstr9c

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prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 25 February 2021

1) You have to reconcile GSTR 1 & GSTR 3B for GST Sale .

2) You have to reconcile GST Sale with Income Tax Sale .

find out the difference .

Note - In GST we Consider Branch Transfer as Sale ( Supply ) , However in Income Tax act no such provision .

Jyoti Narang (Kkk) (1204 Points)
Replied 25 February 2021

In gstr3b sale is 6cr 14 lacs and in gstr1 sale is 6cr 7 lacs and in Income tax audit sale is 6 cr 13 lacs

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 25 February 2021

Reconcile as above and find out difference .

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 25 February 2021

You have to reconcile the turnover on table no. 6 and 8
by reconciling the turnover shown in annual return and in audited financial statements

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Jyoti Narang (Kkk) (1204 Points)
Replied 25 February 2021

Sorry please explain in detail bcz i didnot get u completely.its urgent

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 26 February 2021

Show the difference amount in those tables along with the reasons for such differences

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Jyoti Narang (Kkk) (1204 Points)
Replied 26 February 2021

That is gstr1 and gstr3b to be matched with audited balance sheet

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