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Turnover as per audited financial statements for GSTR 9C

28 January 2020

In table 5A of GSTR 9C turnover as per audit financial statements is required. Whether figures of indirect income of Profit & loss account such as interest /discount /rounding off are to be included for table 5A?

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 28 January 2020

Show the same as Non GST Supplies...

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CMA M.Keerthi chandra (C.A FINAL STUDENT AND QUALIFIED C.M.A) (561 Points)
Replied 28 January 2020

Turnover generally implies Gross receipts from Business or Profession.hence If have not shown such items in your Trading Account ,then you need to Include them in Turnover as per Audited Financial Statements.

Also you can refer the Turnover shown in your Audit Report by your Auditor for the purposes of Ratios etc.

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