Aggregate turnover confusion



a very basic and easy query but still a confusion over it so please clarify

clients turnover is 

taxable 1,90,75000/-  
tax 9,53,750/-

total  20028750 

as the taxable turnover is below 2CR but when adding tax the total exceeds the figure of 2CR

So now please clear that do i need to file GSTR9C as well with GSTR9 ANNUAL RETURN OR just GSTR9 ANNUAL RETURN ONLY..


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go with taxable amount only
so no need to file GSTR9C
 
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Taxable Value consider the Aggregate turnover in GST.Tax is not under turnover.
 
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GST Certification Course



go with taxable. so, no need to file GSTR9C

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Aggregate turnover excludes taxes and hence you are not required to file GSTR9C

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PRACTICING CHARTERED ACCOUNTANT

The amount of tax is never turnover. Hence for the purpose of checking eligibility for GST Audit (Form 9C), we need to just consider Rs. 1,90,75,000.

In nutshell, GST Audit (Form 9C) is not required in your case.


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Respected all,

Whether the aggregate turnover limit of Rs. 40 lacs is considered for current financial year or should we consider our preceeding year turnover limit for gst registration limit.

Example: Suppose i have turnover of rs. 50 lacs in preceeding year but in the current financial year, my turnover is below the limit. Whether i am required to get mandatory registeration based on preceeding year turnover or should we consider current year turnover limit for registration.

 

kindly guide criteria to decide whether registration in gst is required or not based on preceeding or current year turnover.

 

Thanks

 
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In my view, it has to be considered for the current financial year.

Further, Section 29 of the CGST Act states that application for cancellation could be made if the person is no longer required to be registered in terms of 22 and 24 but other than a person who has taken voluntary registration.

And Section 22 mentions the works "in a financial year" and nowhere mentions previous/ preceding financial year.


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thank you so much sir

one more confusion regarding CN/DN 

 

how to make entries in gstr3b of that purchase return.. till now i have been doing purchase return as below mentioned

TOTAL TAXABLE SALE 100000               TAX @ 5% 5000

TOTAL SALES RETURN 50000               TAX @ 5 % 2500

TOTAL PURCHASE    200000                  TAX @ 5 % 10000

TOTAL PURCHASE RETURN   25000     TAX @ 5%   1250

 

    so in GSTR3B COLUMN 3.1  TAX ON OUT WARD SUPPLIES 

now total taxable value according to portal help section showing is total sale - credit notes(sales return) + debit notes(purchase return)

so my total taxable value is  100000 - 50000 + 25000 i.e. 75000/- (this figure to be filled in taxable value)

 

and in COLUMN 4 ITC 
I will claim an amount of rs 10000 on purcahse of rs 200000 @ 5 %

 

PLZ CLARIFY THAT IS THIS A CORRECT WAY TO FILL THE ENTRY IN GSTR3B COLUMN
 

 

 

 
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CA Practice

Will Interest on Term deposit be part of aggregate turnover ?

 
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