Aggregate turnover under gst
This query is : Resolved
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.
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
Guest
Guest
(Expert)
17 April 2018
28,20,000 less Apr-Jun turnover.
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