09 September 2017
Dear experts,
Should branch include turnover of all branches and Head Office as a total turnover in GSTR 1 if all branches have their own GSTN but same PAN.. Urgently suggestion required..
09 September 2017
In GSTR1 we have to mention the Aggregate Turnover for FY 2016-17 and 1st Quarter of FY 2017-18. As per section 2(6) of CGST Act 2017 - “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.
So you need to mention turnover of company as a whole not separately of each unit.
CAclubindia
