For filing GSTR1 return Agreegate Turnover in the preceding Year & Quarter is to be maintained. Pl advice if Turnover will be basic Sales amount or Basic Sales plus Tax amount ?
Menu
Agreegate turnover is including tax or without tax for gstr1
Replies (8)
Excluding tax amount .....
Previous year turnover- whether taxable turnover including vat, service, excise duty?
should previous year aggregate turnover also include loading charges charged in the invoices
Aggregate Turn Over means before tax value. Its your sales and Services value. Can't calculate Indirect Income values....
@ Anand.,
No... Only basic value is Turn over value. All Tax portions are calculated liability / assets...
Not calculated as income / expenditure.....
No... Only basic value is Turn over value. All Tax portions are calculated liability / assets...
Not calculated as income / expenditure.....
loading charges have been taxed in the invoices so is it direct income & that i should include in the aggregate T.O. ?
No...
It's not Direct income. It's only indirect income.
It's not Direct income. It's only indirect income.
Thank you very much
Recent Topics :
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
Related Topics :
CAclubindia
