GSTR-4, Section 3, Aggregate Turnover

Was a Regular Dealer till 31/03/2019. Opted for Composition wef 01/04/2019.

While filing Annual GSTR-4 for FY 2019-20, Sec 3 asks for Aggregate Turnover for Previous FY

1. Does it mean Turnover for FY 2018-19?

2. Which amt should be mentioned... Total Invoice Value ?...or Taxable Value ? (was under Regular till 31/03/209)
Replies (2)
Quick Summary
This discussion clarifies how to report aggregate turnover in GSTR-4 for the financial year 2019-20 when a business transitioned from a regular dealer to the composition scheme on 1st April 2019. The aggregate turnover for the previous financial year (2018-19) should be reported, specifically the taxable value, excluding any GST or cess.

1. Yes turnover for 2018-19
2. Taxable Value
Ans 1). Aggregate Turnover of FY 2018-19 will be taken into consideration.

Ans 2). TAXABLE VALUE ( Aggregate Turnover excludes CGST, SGST, UTGST, IGST & Cess. )

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