Dear Experts
It is understood that supply under merchanting trade is outside the levy of gst.
So, is this required to be reported in gstr1 and / or gstr3b under the category of non-gst supply or exempt supply ?
If this is not shown in gst returns-- will this create a mismatch in turnover between gst and income tax records and hence invite scrutuny from either of those departments ?
Regards
RoamPrime Technologies Private Limited
Bengaluru
CA
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Hema Yashwanth & Associates
Chennai
B.Com
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Saini Pati Shah & Co LLP, Chartered Accountants
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CA Foundation
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CAclubindia
