TOTAL SALES/TURNOVER AS PER BALANCE SHEET/ GST RETURNS

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1 Points Joined April 2022

IN GSTR-1 SALES/TURNOVER SHOWS INCLUDE PACKING/FORWARDING CHARGED IN SALES INVOICE

BUT IN TRADING ACCOUNT SALES/TURNOVER WITHOUT PACKING/FORWARWARDING CHARGES

IS PACKING/FORWARDING TRANSFER IN SALES ACCOUNT AT THE YEAR END OR NOT ?

FOR RECONCILE SALES/TURNOVER WITH GST RETURNS

PLEASE CLEAR THIS MATTER

Replies (2)

Practising CA

8954 Points Joined December 2013

Packing forwarding charged in sales invoice shall form part of the sales in trading account.

28163 Points Joined May 2017

Generally for reporting in statutory forms specially actual sales are being reported.

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