My GST Turnover during the F.Y 2019-20 is Rs. 7 lacs but my gross receipts as per Bank Statement is Rs. 12 lacs .I am going to file ITR 4 by opting section 44AD. My question is whether IT dept. can raise question of Turnover mismatch with Gross receipts ?
What should I do ?
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Mismatch of GST Turnover with Gross Receipts
Replies (3)
Bank transaction of 12 lakh is all from gst including 7lakh also?
Yes, Bank trans. of Rs. 12 lacs are inclusive of GST Turnover of Rs. 7 Lacs.
If all are of gst then file annual audit correctly
And in itr file as per 12lakh transaction
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