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Turn over is mandatory ?

s.murali (commercial manager) (186 Points)

13 June 2018

Dear All. GSTR 1 month of April -18 return not showing the turnover ,due to not active the turnover colum .Month of May -18 also same. somebody said that it's mandatory. If mandatory ,how to Accept the return in Gst portal . Now how to enter the turnover. Pl.give me your suggestions.

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 13 June 2018

https://www.caclubindia.com/forum/last-year-turnover-in-gstr-1-467284.asp

Please go above said link. You can get some clarity about the T/O in GSTR 1 return. I give some points in that forum...

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R. B. Yadav (CMA, LLB) (Tax Consultant) (590 Points)
Replied 13 June 2018

if you had turnover in last financial year, you are liable to fill the information in return. if you had revenue but don't fill in return, it will treated as misleading information.

if you don't fill, portal will treat it as zero in last financial year.

it can be filled only in gstr 1 of Apr. No option to fill after filling of Apr gstr-1

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RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 13 June 2018

@ Mr. Murali., No need to worry and no more logic for misleading you can file without T/O values...

MURALI NADIMINTI (502 Points)
Replied 13 June 2018

nothing to worry ,when system is accepted to file return.

1 Like

R. B. Yadav (CMA, LLB) (Tax Consultant) (590 Points)
Replied 13 June 2018

system accept nil return for every month as well. although you have taxable revenue in a month, don't report the revenue in return and file nil return and don't worry because system is accepting