Answer

1. F

   Facts

   Differences between GST turnover and ITR turnover are common and often valid, but they must be explained. The department compares both.

2. P

   Provisions and law

   • Rule 80(3), CGST Rules 2017A taxpayer whose aggregate turnover exceeds ₹5 crore files a self-certified reconciliation statement in GSTR-9C along with GSTR-9.
   • Sec 35(1), CGST Act 2017Every registered person must keep true and correct accounts at the principal place of business, including production, stock, supplies, ITC and tax paid.
3. A

   Analysis

   Common reasons include stock transfers to other GSTINs counted in GST but not in accounts, exempt or non-GST income in the P&L, and timing of unbilled revenue. Prepare a three-way reconciliation of books, GSTR-9 and ITR. If GST turnover is short, pay tax with DRC-03. If the ITR is wrong, correct it on the income-tax side with your CA.

4. C

   Conclusion

   1. 1List turnover in books, GSTR-9 and ITR.
   2. 2Explain each difference with documents.
   3. 3Pay any GST shortfall through DRC-03.
   4. 4Keep the reconciliation for any notice.

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