Aggregate turnover under gst

This query is : Resolved

Syam Benhur (Querist)
Follow

17 April 2018 Is April-17 to June-17 turnover to be included for calculating aggregate turnover of Rs. 20,00,000 under gst

Guest

Guest (Expert)

17 April 2018 No, only supplies after GST law.

Syam Benhur

Syam Benhur (Querist)
Follow

17 April 2018 Hi Manish Sir, our client is running chit fund company, the chit fund commission comes under GST the company's aggregate turnover for F. Y. 2017-18 is Rs. 2820000(only commission). As gst is exempt upto Rs. 2000000, is the client needs to pay gst on Rs. 820000 or excluding the Apr to Jun turnover gst should be paid on difference amount

Upgrade to CAclubindia Pro. Subscribe Now!

Guest

Guest (Expert)

17 April 2018 28,20,000 less Apr-Jun turnover.