https://www.taxtmi.com/forum/issue?id=120240 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. en-us Fri, 11 Jul 2025 18:28:41 +0530 Thu, 17 Jul 2025 04:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120240 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. Discussion-Forum GST Fri, 11 Jul 2025 18:28:41 +0530 https://www.taxtmi.com/forum/issue?id=120240