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Last Year Turnover In GSTR-1

ANAND KHATER (78 Points)

12 June 2018

Is it mandatory to enter Last Year Turnover In GSTR 1 Of April 2018.

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18 Replies

Jatin (Accountant) (3479 Points)
Replied 12 June 2018

Yes.....

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 12 June 2018

No... Not mandatory.

Jatin (Accountant) (3479 Points)
Replied 12 June 2018

@ Mr. Raja P M Sir, if not mandatory why are department want last year turnover details in GSTR 1

MURALI NADIMINTI (502 Points)
Replied 12 June 2018

Yes it mandatory to update turnover in Gstr1

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 12 June 2018

I agree with Mr. Raja

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MURALI NADIMINTI (502 Points)
Replied 12 June 2018

every month updation of turnover is not compulsory.if one month updated ie April, it is enough. no need to update every month.

at least one month should be updated.or else system may not accepted to file return.

Jatin (Accountant) (3479 Points)
Replied 12 June 2018

Agree with Mr. Murali

ANAND KHATER (78 Points)
Replied 12 June 2018

But Turnover Of Apr To Jun 2017 has already been inserted last year??

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 12 June 2018

Thats what i want to say ,.. actualy the portal has not being updated in this regard

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ANAND KHATER (78 Points)
Replied 12 June 2018

System accepts the return even if turnover details are not filled.

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Jatin (Accountant) (3479 Points)
Replied 12 June 2018

Better, if you fill turnover details (if you not filled system shown zero turnover)

stapler (bus) (282 Points)
Replied 12 June 2018

What is "Turnover" for a proprietorship concern (a manufacturing unit) ? If the Proprietor has also bought & sold equity shares of listed companies under his own PAN during the previous year for example, would that turnover be also added to the business entity's sales turnover? Pls someone clarify. Thanks.

Vinod Babu (24191 Points)
Replied 12 June 2018

I too agree with everybody's view.

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 13 June 2018

🌹🌹🌹🌹🌹

Simply said as per my understanding and given details for Your understands...

Remainder :
At the time of July 17 GST return the same details asked by CBEC* and Taxpayers are showing their Turn Over details in the same Column...

Current Scenario (GSTR 1 return - Apr 18) :
The same details or Same Column ask the same details without any changes or the nature...

Conclusion :
If it's mandatory then it's automatically update with our filing details... 😊😊😊

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