Dear Team,
I have four branches with separate GSTIN Registration in UP, West Bengal, Assam and Jharkhand. I have Consolidated as well as Branch-wise audited Balance Sheet and Profit and Loss Statement available.
My query is -
In part 5 Sr. No. A 'Turnover (including exports) as per audited financial statements for the State / UT (For multi-GSTIN units under same PAN, the turnover shall be derived from the audited Annual Financial Statement)' can I use the turnover as per branch PL or do I have to show the consolidated turnover of the group under same PAN and then reduce the turnover of other branches in Sr. O Adjustments in turnover due to reasons not listed above ?
Clarification on GSTR-9C: Report Branch-Wise Turnover for Multiple GSTINs Using Audited Financials, Not Consolidated Accounts. An individual sought advice on declaring turnover in GSTR 9C for multiple branches with separate GSTIN registrations in different states. The query was whether to use branch-wise or consolidated turnover for reporting. Three respondents advised using branch-wise turnover as per the audited financial statements, rather than a consolidated profit and loss account. They emphasized deriving GSTIN-wise turnover from the consolidated financials and ensuring that branch-wise figures add up to the PAN-level turnover. This approach aligns with the instructions for GSTR-9C, which requires state-wise turnover declarations for entities with multiple GSTINs under the same PAN. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
