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Year-Shift in GST Reporting Requires Detailed Reconciliation: ITAT Hyderabad
Case Law Details
- Case Name
- Quartzkraft LLP Vs ITO (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All ITAT, ITAT Hyderabad
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Quartzkraft LLP Vs ITO (ITAT Hyderabad)
Year-Shift in GST Reporting of Exports? GST vs Income Reconciliation Dispute-ITAT Hyderabad Calls for Detailed Reconciliation
Assessee, engaged in manufacture of engineered quartz slabs, had filed return declaring NIL income. The case was selected for scrutiny & AO noticed that as per GST returns, total sales were Rs.12.91 crore whereas in audited accounts/IT return sales stood at Rs.11.28 crore. Holding that there was understatement of turnover of Rs.1.63 crore, AO completed assessment u/s 143(3) r.w.s. 144B & made addition. CIT(A) upheld this a...
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