Year-Shift in GST Reporting Requires Detailed Reconciliation: ITAT Hyderabad

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...