for GSTR1, Aggregate turnover and turnover for april,may and june.

[RameshBabu Kari]

Dear Experts,

To file GSTR1, Its is asking aggregate turnover for previous year and also aggregate turnover for the period of April,May and June.

As books of accounts and balance sheet preparation not yet done now, it will be prepared by end of the september only, In such case, shall aggregate turnover for the previous year be exact amount or can it be nearest amount for the turnover ?

Whatever shown on as turnover shall be final or can changed later according to audited books of accounts ?

AI Summary

Clarification on GSTR-1 Filing: Adjustments Possible in GSTR-9; New Registrations Can Report Zero Turnover Initially. A user inquired about filing GSTR-1, specifically regarding the aggregate turnover for the previous year and the period of April to June, as their financial statements would not be ready until September. They asked if the turnover must be exact or can be adjusted later. One respondent explained that adjustments are possible when filing the GSTR-9 annual return, which is based on the balance sheet. Another user questioned the procedure for new registrations without prior balance sheets, asking if the turnover figure could be zero.