Common points for ITR-3, ITR-5 & ITR-6:
• Changes in Schedule PL
• Income: GST Received or receivable in respect of Goods Sold or supplied
.Changes in Schedule PL
• Expenses: GST paid or payable in respect of Goods and service
• Changes in Schedule PL
• Refund of GST not credited to Profit and loss account
• Changes in Schedule PL
• Amount of credit outstanding in account in respect of GST
• Separate account to be maintained for CGST, SGST, IGST and UTGST
• Different meaning of ‘Turnover’ as per GST and as per IT Act
• Turnover as per GST includes turnover from sales made to self i.e.
sales made to branches or units located in other states.
• However the same is not included in turnover as per IT Act
• Separate reconciliation is to be maintained
• Control over expenses
• Registered / Un-registered
• Exempted / Taxable
• Procurements from Composition dealers
• Reconciliation with GST Returns filed
• Non disclosure of expenses in GST Returns – How to reconcile??