Ahuja Shekhar (Accountant) (95 Points)
19 August 2021Dear Sir,
One of my client took gst no. in Oct 2020. His Turnover in GST Return is 9 lakhs. While, in his bank, Credit is 20 lakhs because of Sale (01.04.20 to 30.09.20)
If I show 20 lakh Sale in ITR, it would be mismatch from GST Returns. and may attract notice from GST. What to do and how to SHOW in ITR to avoid such mismatch notice??
or Should i drop ITR filing this year. Because, its his first ITR??
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 19 August 2021
Mismatch here is due to the initial exemption under GST which is legal. Actual sales to be disclosed in the ITR.
If you don't file ITR, you may get notice from IT dept. So it is advisable to file ITR even if this is for the first time.
CAclubindia
