Sl. No. 5A is intended to report the turnover as per the audited Annual Financial Statement for a GSTIN. There may be cases where multiple GSTINs (State-wise) registrations exist for the same PAN. This is common for persons/ entities with presence over multiple States or in respect of multiple registrations in a single State/ UT. The Government vide its instructions has indicated that such persons/ entities would have to internally derive their GSTIN wise turnover and provide the same to the auditors to verify and declare in this Sl. No. 5A.
Turnover to be declared under this Sl. No. 5A must purely flow from the ‘audited annual financial statements’ even if such turnover consists of adjustments/ revenue recognition on account of a requirement of an Accounting Standard (E.g.: AS-7 in case of ‘Construction Contracts’). It cannot and must not include “Deemed supplies under Schedule I” as Sl. No. 5D separately covers such adjustments.