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

Aggregate turnover correction can be made via subsequent returns, GSTR 3B reset, or at annual return filing.
Incorrect Aggregate Turnover entered in GSTR-1 can be addressed by amending the figure in the subsequent return, by using a noted reset facility to amend GSTR-3B for July 2017 to permit changes in later returns, or alternatively by reconciling and correcting the figure at annual return filing; the forum contains conflicting practical advice on immediate monthly amendments versus waiting for the annual return.