Home Forum Goods and Services Tax - GST Month 2 2021 2021 (2) This
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Difference in Total Turnover As Per Books & GSTR-9C - Goods and Services Tax - GSTExtract Dear Experts, My client had incurred expense of Quality difference on account of export to foreign buyer and booked these expenses in P L account as a part of sales and likewise Rate Difference expense was also incurred and booked in similar manner. It has also incurred Insurance expense which is paid in general on export turnover and debited in Schedule of Sale accounts in P L Account and that's why difference is arrived at for all these 3 expense while reconciling turnover in GSTR-9C . My client had not issued Credit Note to foreign buyer against above export sales and just made journal entry to square off foreign buyer account and booked exps. in P L in Sales Account. Now my question is how this difference is to be disclosed in Annual Return ( GSTR-9 ) Reconciliation Statement ( GSTR-9C )?? 1) If it is to be disclosed in GSTR-9 then in which table should I include them? By doing so, there would be no difference in unreconciled total turnover in GSTR-9C . 2) Whether it would be justified if we include difference in GSTR-9C in Unreconciled Total Turnover? Thanks in advance all experts..
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