about registeration of traders

Registration 200 views 2 replies
my query is related to getting GST registration.....for TO exceeding 20 lakhs.....
in this TO...should we have to accumulate taxable, exempted,nil rated and outside the state sales... .......I m talking specifically for goods not services
Replies (2)
According to section 2(6) of the CGST Act, “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-state supplies of persons having the same Permanent Account Number, to be computed on all India basis. But it excludes Central tax, State tax, Union territory tax, Integrated tax and cess.

In simple terms, based on the given definition, the total of the following items shall be considered as aggregate turnover: Value of all –

Taxable supplies of goods and services

Inter-state supplies

Exempt supplies of goods and services

Export of goods or services or both

Purpose of Aggregate Turnover

The turnover of up to Rs 20 lakhs is completly exempted from GST and the limit is Rs. 10 lakhs for special category states. The main requirement for GST registration is aggregate turnover.
Originally posted by : Vinod Babu
According to section 2(6) of the CGST Act, “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-state supplies of persons having the same Permanent Account Number, to be computed on all India basis. But it excludes Central tax, State tax, Union territory tax, Integrated tax and cess.In simple terms, based on the given definition, the total of the following items shall be considered as aggregate turnover: Value of all –Taxable supplies of goods and servicesInter-state suppliesExempt supplies of goods and servicesExport of goods or services or bothPurpose of Aggregate TurnoverThe turnover of up to Rs 20 lakhs is completly exempted from GST and the limit is Rs. 10 lakhs for special category states. The main requirement for GST registration is aggregate turnover.

Agree With Sh. Vinod Sir Advice


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