Aggregate Turnover Wrongly Updated

[satyanarayana korraprolu]

Sir,

I was updated Aggregate Turnover in the preceeding financial year ₹ 131445297.00 in GSTR-1 July 2017. (T/O F.Y 2016-17 + 2017-18 Q1=131445297.00)

Actually Previous F.Y 2016-17 Turnover is ₹ 103631746.00

Kindly give suggesstions and recetification process.

Any notices will be received from GST & IT department's .??

AI Summary

Mistaken GST Turnover Reported; Options Include Next Return Amendment, RESET Facility, or Annual Return Correction. An individual mistakenly updated their aggregate turnover for the preceding financial year in their GST return, reporting 131,445,297 instead of the correct amount of 103,631,746. They sought advice on rectification and potential notices from tax authorities. Responses varied, suggesting amendments in the next return, using the RESET facility for GSTR 3B, or waiting for the annual return to correct the error. Some advised that changes to monthly returns might not be possible, and the focus should be on correcting the annual return.