GST in ITR!
Person having income from business or profession and filing income tax return in form ITR 3 and 4 is required to provide the details of GST in their income tax return.
ITR 3
The taxpayer is required to provide details of CGST, SGST, IGST, and UTGST paid on purchases and the credit taken thereof, these details should be matched with the electronic credit ledger available on the portal.
The taxpayer is required to furnish details of taxes levied on sale. Taxes levied such as CGST, SGST, IGST, and UTGST and these details needs to be matched with the electronic liability register on the GST portal.
Taxpayer is also required to furnish details of taxes paid under GST. These details should be matched with the electronic cash ledger available on the GST portal.
Tax payers are required to mention in the Income Tax Return amount payable as on 31st March 2018, in relation to CGST, SGST, IGST, and UTGST if any.
Further GST refund if any is receivable from the government and not credited to Profit & Loss account then the details of the same are required to be given in the Income Tax Return.
ITR 4
The taxpayers are required to furnish the GST registration number in the Income Tax Return.
The taxpayer is also required to provide Turnover/Gross Receipts under GST as mentioned in the GST returns. These details can be taken by the taxpayer from the GSTR 1 filed by them.
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