17 August 2020
Tax free goods sold by Composition Dealer and under GSTR-4 Turnover Nill Show for FY 2018-19. Now under FY 2019-20 GSTR-4 Previous year Turnover want by GST Department. What is my turnover for FY 2018-19 Nill or Exampled goods sold valur.
18 August 2020
You should give the information clearly mentioning " turnover of outward supply of exempted goods/services".I do not what are your exempted goods or services.
18 August 2020
Sir, Composition dealer Sold Good under GST Exempted in FY 2018-19 and filling GSTR-4 (Qtrly) as showing Nill Turnover under GST Return, due to GSTR-4 not providing option for exempted goods details.
Now FY 2019-20 we are filling Annual return i.e. GSTR-4. GSTR-4 (FY 2019-20) required Previous year Turnover value.
My question is :
PY Turnover either Exempted goods sold value OR Nill Amount (as show in GSTR) ?
21 July 2024
For the purpose of filling out the Previous Year (PY) Turnover in GSTR-4 for FY 2019-20, you should consider the turnover of exempted goods sold during the previous financial year (FY 2018-19). Here's how you should approach it:
1. **Exempted Goods Sold Value**: Since you sold exempted goods in FY 2018-19 as a composition dealer and reported nil turnover in GSTR-4 due to the absence of an option to report exempted goods, you should calculate and include the total value of exempted goods sold during FY 2018-19 in the PY Turnover for FY 2019-20.
2. **Reporting Exempted Goods**: Even though GSTR-4 did not have a specific field to report exempted goods, for the purpose of annual returns like GSTR-4 for FY 2019-20, you should include all sales, including exempted goods, in the turnover figure.
3. **Nil Amount**: The "Nil Amount" you mentioned refers to the fact that in GSTR-4 for FY 2018-19, you reported nil turnover. However, this does not mean you should enter zero for PY Turnover in GSTR-4 for FY 2019-20. Instead, you should calculate and report the total turnover including exempted goods sold during FY 2018-19.
4. **Documentation**: Ensure you have documentation and records to support the turnover figures you are reporting, including details of exempted goods sold during FY 2018-19. This will help in case of any future audits or inquiries.
In summary, for GSTR-4 of FY 2019-20, you should report the turnover of exempted goods sold during FY 2018-19 as part of the PY Turnover, even though GSTR-4 for FY 2018-19 may have shown nil turnover due to the reporting limitations for exempted goods. This approach aligns with the requirement to report all sales turnover, including exempt supplies, in annual returns.
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