Dear Expert
As per the gst act, we have made registration for the two states separately. In such cases, how do we need to show the aggregate turnover of the company for the fy 2016-17 and aggregate turnover for april to june 2017 ? On what basis we need to take the portion for the both states registers entities ?
Company Seeks Guidance on Allocating Turnover Between State-Registered Entities Under GST Act for 2016-17 and Apr-Jun 2017 A company registered separately in two states under the GST Act seeks guidance on reporting aggregate turnover for the fiscal year 2016-17 and from April to June 2017. The query asks how to allocate turnover between the two state-registered entities. The response suggests using the CST/VAT returns from previous periods as a basis for determining the aggregate turnover for each state. (AI Summary)