Find
Differences between GST and income-tax turnover are noticed by both departments. Reconcile and keep a note explaining any genuine difference, like exempt sales or timing.
GST
GSTR-4 turnover and income tax return
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Rule 62, CGST Rules 2017; Sec 35, CGST Act 2017
Analysis
Both returns come from the same books, so they should match or be explainable. Example: GSTR-4 shows ₹72 lakh, ITR shows ₹75 lakh; the ₹3 lakh is exempt fresh produce not in Table 6. Write the reconciliation and keep it with your records.
Close
- Take turnover from books.
- Compare with GSTR-4 Table 6 and the ITR.
- List reasons for any difference.
- Correct the return still to be filed if needed.
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.