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Profile photo of Tejas LohiyaTejas Lohiya asked 2 years ago

Gst

Gst

Turnover as per tax audit for F.Y.18-19 is Rs. 6 Crores and Turnover as per GST Returns is Rs. 5 Crores. How do we show the balance sales of Rs. 1 Crore in GST returns? 

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1 Answers
Profile photo of Sandip AgarwalCA Sandip Agarwal answered 2 years ago

We need to file DRC-03.
DRC-03 will appear as a reconciliation between GST returns & Audited Statements. Correct it in Annual Return.
Alternatively, correct it in GSTR-3B and GSTR-1, if time is not elapsed for correction