kavita Goyal (AM) (40 Points)
08 September 2017Hi, Please update if Aggregate Turnover of a Company as a whole is to be mentioned in every GSTR 1 return of its each Branch.
I Mean:- if ABC company has 100 Rs turnover divided in 4 branches in different states with its own GSTIN Number , Need to mentione 100 as turnover in each return? Please help. Its urgent
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 08 September 2017
not aggragate but the respective turnover of the branches
kavita Goyal
(AM)
(40 Points)
Replied 08 September 2017
Is any source available to show as a support for the same. Client needs the same.
Aparna Bhatia
(8 Points)
Replied 13 June 2018
If HO has turnover of more than 1.5Cr and branch has less than 1.5Cr. Is it ok to file GSTR1 monthly for HO and Quarterly for branch ?
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 13 June 2018
| Originally posted by : Aparna Bhatia | ||
 |
If HO has turnover of more than 1.5Cr and branch has less than 1.5Cr. Is it ok to file GSTR1 monthly for HO and Quarterly for branch ? |  |
YES U R RIGHT
C R RADHAKRISHNAN
(ACCOUNTANT)
(210 Points)
Replied 13 June 2018
some credit notes given by the our buyers not entered during the fy-2017-2018. (i.e. jan'2018 to mach'2018) while received the account statement from Parties they given credit notes. now i.e. 13.06.2018 i know the credit notes missing. I filed as on 30.04.2018 gstr1 & gstr 3b. Kindly help.
Aparna Bhatia
(8 Points)
Replied 14 June 2018
I believe it needed to be included in the last FY Mar18 month Return which you filed in April. Whatever is missing, I do not think if there is a provision to take it in this year, unless there is a revised return option when they announce annual return for GST.
this is only my understanding and You need to confirm with an expert.
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 14 June 2018
| Originally posted by : kavita Goyal | ||
|
Hi, Please update if Aggregate Turnover of a Company as a whole is to be mentioned in every GSTR 1 return of its each Branch. In my view the aggregate turnover of all the branches with same PAN shall be same. As per the definition of aggregate turnover, the supplies of a person having same PAN shall be computed on all India basis. Therefore, in the given example, the turnover of all 4 branches with same PAN shall be Rs.100 in all the GST returns. |
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CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 14 June 2018
| Originally posted by : Aparna Bhatia | ||
|
If HO has turnover of more than 1.5Cr and branch has less than 1.5Cr. Is it ok to file GSTR1 monthly for HO and Quarterly for branch ? | |
Option to file quaterly GSTR-1 is given to the tax payers whose aggregate turnover is less than 1.5crs in the preceding FY. As per the definition of aggegate turnover under Section 2(6) of CGST Act, the turnover of a person having same PAN shall be computed on all India Basis. Therefore, if the aggregate turnover of the company (ho+branches) is more than 1.5crs, then the option of quaterly GSTR-1 is not allowed.
Aparna Bhatia
(8 Points)
Replied 14 June 2018
Ok thank you for the reply. Going by that the T/O in all branches and HO will be same and that will be the T/O of the Pan.
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 14 June 2018
| Originally posted by : Aparna Bhatia | ||
|
Ok thank you for the reply. Going by that the T/O in all branches and HO will be same and that will be the T/O of the Pan. | |
yes
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