Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Aggregate turnover for last year

M Agarwal (Consultant) (228 Points)

04 September 2017

Was working in individual capacity before that. Export of exempt services last year.

Do we write aggregate turnover for previous year as NIL or use the individual turnover?

Reply
Follow
Share

7 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 04 September 2017

Use the Individual Turn over....

Upgrade to CAclubindia Pro. Subscribe Now!

M Agarwal (Consultant) (228 Points)
Replied 04 September 2017

What if government asks, how can you have turnover last year if you started working this year?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 04 September 2017

Where the Turn Over is made/make...?
Make in At business/prifession. In case the individual can't file his ITR for the FY 16-17. Then he ll do it as 0. If he put as 0 then he can't file greater than 0.....

M Agarwal (Consultant) (228 Points)
Replied 04 September 2017

It is a computer professional, providing export service.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 04 September 2017

No problem for the commencement dates. Bcoz, somebody doing business without name and location. They are filed ITR as Turn over based....
So, don't be enter wrong value. Enter the ITR filed value....

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

M Agarwal (Consultant) (228 Points)
Replied 04 September 2017

Sorry for bothering again

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 04 September 2017

No problem for T/O based on ITR. it's just take value.
In case he ll give less than ITR. Also ITD and GSTN ll be give notice... Then how to he ll be reply....