Answer

1. F

   Facts

   Your bank statement shows every UPI and card receipt, and these feed into data the department can match with GSTR-1 and GSTR-3B. Sales must be recorded and taxed whether received in cash or UPI.

2. P

   Provisions and law

   • Sec 35, CGST Act 2017Accounts and records to be kept at the principal place of business
   • Sec 37, CGST Act 2017Details of outward supplies to be furnished in GSTR-1
   • Sec 31, CGST Act 2017Tax invoice must be issued for every taxable supply
3. A

   Analysis

   If your UPI receipts for the month are ₹9,00,000 and GSTR-1 shows sales of ₹6,00,000, you need an explanation, such as loans, transfers from your own account or advances. Keep a monthly bridge from bank receipts to reported sales. This is also the best defence if your turnover crosses a threshold you did not notice.

4. C

   Conclusion

   1. 1Total bank and UPI receipts for the month
   2. 2Remove non-sale receipts like loans and own transfers
   3. 3Compare with GSTR-1 sales
   4. 4Record and report any missed sales

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.