No Addition Based on GST and Income tax Return Differences if Reconciled

ITO Vs Reliable Builders & Developers (ITAT Mumbai) Addition for Differences between sales shown in the GST return and Income Tax Return: ITAT observed, that the Assessee has offered only proceeds of sale of TDR amounting to Rs.3,76,74,000/- in the return of income, however, in the GST returns had shown the turnover made towards advances received from the buyers to the tune of Rs.35,25,19,560/. Mandate of CGST Act is that the Assessee is supposed to declare any amount received or receivable, as per the construction schedule and accordingly liable to pay the tax as per CGS Tax Act. We are i...