Sir,
i am filing itr-4, if a have two business one is registered under gst and other is not registered under gst. gst business turnover is rs. 18,00,000 and non-gst turnover is rs. 12,00,000 say job work. my gstr-3b turnover is matched from 26as and displaying rs. 18,00,000. So i want to ask that rs. 12,00,000 will i have to show in itr-4.
thanks
First of all u r doing business not exclusively for goods So applicable aggregate turnover as per Gst for u is Rs 20 lakhs.
Job work is considered to be a service under GST on which applicable rate is 18% You are liable to pay GST but you didn't registered ur business in GST which is violation of GST laws.
Further for the purpose of Income Tax u r oting presumptive scheme under section 44AD in which u are required to report gross turnover from business
U r require to report turnover details in ITR 4 business wise provided ur aggregate turnover does not exceed the prescribed limit.
The consequence of mismatching turnover from 26AS may arise and the result will u may get notice from GST departments or even both.It should be noted that GST is on the taxpayer basis unless the taxpayer is not taking separate registration for separate line of business.
So u have made a default under GST which will lead to scrutiny under GST.
CAclubindia
