Regrding sales of loose bill to be shown in GSTR-9 & IT Return

[YASH JAIN]

If turnover is 20000000 in GST and during GST raid some loose bill amounting to 1000000 received on which client paid tax & penalty then how to show 1000000 & that tax amount in GSTR-9 and how to report that sales in ITR & Audit report

[Shilpi Jain]

Loose bill means?

If paid through returns will get reported in gstr9 automatically.

Else need to add it.

AI Summary

GSTR-9 reporting: sales declared in returns appear automatically; otherwise taxpayers must add loose-bill sales and reflect tax paid. If tax on loose-bill sales has been discharged and declared through regular returns, those sales and tax will be captured in the annual reconciliation and reflected in consolidated return figures; if not captured, the taxpayer must add the amounts when completing the annual return reconciliation so the loose-bill sales and tax paid are included in reported figures. The same sales and tax/penalty should be reported in the income-tax return and disclosed in the audit report to align accounts and tax filings with GST reconciled figures.