For filing GSTR1 return Agreegate Turnover in the preceding Year & Quarter is to be maintained. Pl advice if Turnover will be basic Sales amount or Basic Sales plus Tax amount ?
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Agreegate turnover is including tax or without tax for gstr1
Replies (8)
Excluding tax amount .....
Previous year turnover- whether taxable turnover including vat, service, excise duty?
should previous year aggregate turnover also include loading charges charged in the invoices
Aggregate Turn Over means before tax value. Its your sales and Services value. Can't calculate Indirect Income values....
@ Anand.,
No... Only basic value is Turn over value. All Tax portions are calculated liability / assets...
Not calculated as income / expenditure.....
No... Only basic value is Turn over value. All Tax portions are calculated liability / assets...
Not calculated as income / expenditure.....
loading charges have been taxed in the invoices so is it direct income & that i should include in the aggregate T.O. ?
No...
It's not Direct income. It's only indirect income.
It's not Direct income. It's only indirect income.
Thank you very much
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