Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

Quarterly Return

Sunil Sharma (student) (75 Points)

19 December 2017

HO having Turnover of more than 1.5 Crore so it has to file monthly GSTR1

Branch in other state has t.o. of less than 1.5 crore

Now, can branch file GSTR 1 quarterly?

Or it has to file monthly because of HO filed monthly?

Reply
Follow
Share

4 Replies

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 19 December 2017

The Agrregated Turn Over is Above Rs. 1.5 Cr then file Monthly return.

Turn Over Calculated as per PAN Based not on GSTIN Based...

So,

As per above query both end will be file Monthly Returns...!!!

Sunil Sharma (student) (75 Points)
Replied 19 December 2017

can you please refer me the section applicable

CA Mayur Todmal (Practicing CA) (7756 Points)
Replied 19 December 2017

Originally posted by : RAJA P M
	The Agrregated Turn Over is Above Rs. 1.5 Cr then file Monthly return. Turn Over Calculated as per PAN Based not on GSTIN Based... So, As per above query both end will be file Monthly Returns...!!!

Agreed with sir.

sec 2(6)

“Aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess

1 Like

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 19 December 2017

As per section 2(6) of the CGST/SGST Act “aggregate turnover” includes the aggregate value of:

(i) all taxable supplies,

(ii) all exempt supplies,

(iii) exports of goods and/or service, and,

(iv) all inter-state supplies of a person having the same PAN.

The above shall be computed on all India basis and excludes taxes charged under the CGST Act, SGST Act, UTGST Act, and the IGST Act.

Aggregate turnover shall include all supplies made by the Taxable person, whether on his own account or made on behalf of all his principals. Aggregate turnover does not include value of supplies on which tax is levied on reverse charge basis, and value of inward supplies.

The value of goods after completion of job work is not includible in the turnover of the job-worker. It will be treated as supply of goods by the principal and will accordingly be includible in the turnover of the Principal.

1 Like