diff --git a/frappe/core/doctype/version/test_version.py b/frappe/core/doctype/version/test_version.py
index c35430b17b..3e82f30f06 100644
--- a/frappe/core/doctype/version/test_version.py
+++ b/frappe/core/doctype/version/test_version.py
@@ -32,6 +32,19 @@ class TestVersion(unittest.TestCase):
 		self.assertEqual(get_old_values(diff)[1], "01-01-2014 00:00:00")
 		self.assertEqual(get_new_values(diff)[1], "07-20-2017 00:00:00")
 
+	def test_no_version_on_new_doc(self):
+		from frappe.desk.form.load import get_versions
+
+		t = frappe.get_doc(doctype="ToDo", description="something")
+		t.save(ignore_version=False)
+
+		self.assertFalse(get_versions(t))
+
+		t = frappe.get_doc(t.doctype, t.name)
+		t.description = "changed"
+		t.save(ignore_version=False)
+		self.assertTrue(get_versions(t))
+
 
 def get_fieldnames(change_array):
 	return [d[0] for d in change_array]
diff --git a/frappe/core/doctype/version/version.py b/frappe/core/doctype/version/version.py
index 863885e85c..fa6ba0a9cf 100644
--- a/frappe/core/doctype/version/version.py
+++ b/frappe/core/doctype/version/version.py
@@ -2,6 +2,7 @@
 # License: MIT. See LICENSE
 
 import json
+from typing import Optional
 
 import frappe
 from frappe.model import no_value_fields, table_fields
@@ -9,7 +10,15 @@ from frappe.model.document import Document
 
 
 class Version(Document):
-	def set_diff(self, old, new):
+	def update_version_info(self, old: Optional[Document], new: Document) -> bool:
+		"""Update changed info and return true if change contains useful data."""
+		if not old:
+			# Check if doc has some information about creation source like data import
+			return self.for_insert(new)
+		else:
+			return self.set_diff(old, new)
+
+	def set_diff(self, old: Document, new: Document) -> bool:
 		"""Set the data property with the diff of the docs if present"""
 		diff = get_diff(old, new)
 		if diff:
@@ -20,8 +29,11 @@ class Version(Document):
 		else:
 			return False
 
-	def for_insert(self, doc):
+	def for_insert(self, doc: Document) -> bool:
 		updater_reference = doc.flags.updater_reference
+		if not updater_reference:
+			return False
+
 		data = {
 			"creation": doc.creation,
 			"updater_reference": updater_reference,
@@ -29,7 +41,8 @@ class Version(Document):
 		}
 		self.ref_doctype = doc.doctype
 		self.docname = doc.name
-		self.data = frappe.as_json(data)
+		self.data = frappe.as_json(data, indent=None, separators=(",", ":"))
+		return True
 
 	def get_data(self):
 		return json.loads(self.data)
diff --git a/frappe/model/document.py b/frappe/model/document.py
index fa1f423d11..a98d49e58c 100644
--- a/frappe/model/document.py
+++ b/frappe/model/document.py
@@ -1198,11 +1198,10 @@ class Document(BaseDocument):
 			return
 
 		version = frappe.new_doc("Version")
-		if not self._doc_before_save:
-			version.for_insert(self)
-			version.insert(ignore_permissions=True)
-		elif version.set_diff(self._doc_before_save, self):
+
+		if is_useful_diff := version.update_version_info(self._doc_before_save, self):
 			version.insert(ignore_permissions=True)
+
 			if not frappe.flags.in_migrate:
 				# follow since you made a change?
 				if frappe.get_cached_value("User", frappe.session.user, "follow_created_documents"):
diff --git a/frappe/tests/test_form_load.py b/frappe/tests/test_form_load.py
index e92b8c3ff2..22db56eeef 100644
--- a/frappe/tests/test_form_load.py
+++ b/frappe/tests/test_form_load.py
@@ -181,7 +181,7 @@ class TestFormLoad(unittest.TestCase):
 		self.assertEqual(len(docinfo.comments), 1)
 		self.assertIn("test", docinfo.comments[0].content)
 
-		self.assertGreaterEqual(len(docinfo.versions), 2)
+		self.assertGreaterEqual(len(docinfo.versions), 1)
 
 		self.assertEqual(set(docinfo.tags.split(",")), {"more_tag", "test_tag"})