Hi,
It is ok. It would not create any problem.
Discrepancy
I have a grocery store.. for billing i use a software at the sale counter while for accounts maintenance i use different software and at separate place... the problem is that i import the sales voucher form the billing software toh accounting software but due to two different software there is mismatch of bill when imported to accounting.. bcz i have done tax inclusive option.. so billing software reads-133.33+.33+.33+.01(round off)=140 while accounting software reads the same vocher as 133.34+.33+.33=140 Would it create problem if tax department srcutonise my record.. bcz each and every bill there is discrepancy interm of 1 paisa but final amount of each bill is same.. so this discrepancy is due to nature of software and for accounting we have to import vouchers from billing software to accounting software... so would this be land me to in trouble bcz my biiling and accounting software are different and the vouchers having very minute discrepancy but final amount is same..
Asked 6 years ago in Income Tax
- Amount in round off will not create a problem unless such amount is huge and resulting into any kind of tax evasion. If you are registered under GST, please ensure that the turnover should match with the accounting software except round off differences.
In my opinion, that should not be a problem, since the amount is very minimal and this is one of the practical problem, See, if by any mean, you can transfer the difference to round off.
Hii,
no there is no trouble, this is just rounding up nothing else, thus please do your business in relax mood.
hope your query resolved now.
But bcz of this round off there would be some sort of mismatch in agreegate taxable turnover say in one software it would be 133.33* 1000(bills) = 133330 And 133.34*1000 bills= 133340 ... so difference in agregate taxable turnover .. would it create problems? Also the gst amount would remain same as the amount of bills r small and the above differences goes to round off in accounting software.. would it create problems? And is it legal toh do biiling on obe software and importing the vouchers in other accountibg software.. ? Bcz both can't be done on single computer and also plz suggest the other sone way toh this
Asked 6 years ago
No sir there wont be any problem because of rounding off. You dont need to panic.
Just keep your GST in line with the bills.
Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.
Thank you.
Suppose issue a bill of 133.34+3.33+3.33=140 At this stage in a singel bil its ok.. But at pos i issue this bill 100000 times so as a result my taxable agreegate for b2c turnover would be 13334000.. but by issuing single single bill i collected 3.33 rs cgst each time and 100000 bill issued amount to collection of 333000 rs cgst..agreegate... My question is that when i file gstr1 b2c i will fill 13334000 as taxable turnover and select 2.5 as cgst rate the.. tax would be calculated automatically that is 13334000 *2.5/100= 333350. But by issuing single single bill i collected 333000 agreegate cgst... so i have to pay 350 more cgst from my pocket which I haven’t collected.. and just b2c tax is calculated automatically.. would lend me to pay more cgst than my accounting software showing bcz he agreegate each bill cgst while in gst portal there is autocaculated cgst on taxable value.. so do i have to pay more cgst from my pocket?
Asked 6 years ago
It is difficult to understand long questions. You can take phone consultation.
If you have this turnover implement a better software and you can pay this amount out of your own pocket with this turnover.
Dear Sir,
It is advisable to change the software.
Otherwise, you will have to pay extra cgst.
Dear Sir,
Please take a phone consultation for complete understanding.
Hello,
Such round off issue won't create any problem.
Regards,
CA Hunny Badlani
Better to change the software with a proper value implementation to avoid such issues.
Hi,
Its legal to use two softwares. Yes, you will have to pay additional GST from your pocket.
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