{"id":58822,"date":"2026-03-16T11:17:42","date_gmt":"2026-03-16T05:47:42","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=58822"},"modified":"2026-03-16T11:17:42","modified_gmt":"2026-03-16T05:47:42","slug":"undisclosed-sales-surrender-at-the-time-of-gst-survey","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/undisclosed-sales-surrender-at-the-time-of-gst-survey\/","title":{"rendered":"Undisclosed sales Surrender at the time of GST Survey"},"content":{"rendered":"<p>Survey was conducted under the GST.<\/p>\n<p>Taxpayer has declared unrecorded sale during the survey proceedings and has paid GST as well as Penalty under the GST Act.<\/p>\n<p>In addition to above, Taxpayer has also declared excess stock found during survey.<\/p>\n<p>Regular purchases has already been recorded in books of accounts.<\/p>\n<p>Whether the taxpayer should account for total undisclosed sales in Trading a\/c and pay income tax accordingly or should account for only the gross profit on unrecorded sales in Profit and loss a\/c.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[69,23],"qa_tag":[1339],"class_list":["post-58822","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-gst","qa_category-income-tax","qa_tag-undisclosed-sales"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/58822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=58822"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58822"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=58822"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=58822"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=58822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}