Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

aggregate tournover

Ananthi (28 Points)

27 August 2017

how to calculate aggregate tournover till Jun'17

we have 3 branch chennai Bangalore & cochin

Reply
Follow
Share

5 Replies

satyanarayana edadasula (125 Points)
Replied 27 August 2017

Sec 2(6) of GST 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 excludes central tax, State tax, Union territory tax, integrated tax and cess;. 2) If your Aggregate turnover cross 20 lakhs or you have inter state supplies you are liable to register in all states ie. where you have branches.

Upgrade to CAclubindia Pro. Subscribe Now!

Ananthi (28 Points)
Replied 28 August 2017

head office chennai / branches bangalore & Cochin

shall I mention CHENNAI GSTIN total tournover till jun'17 Including Bangalore & Cochin sales

Please clear my doubt

satyanarayana edadasula (125 Points)
Replied 28 August 2017

Madam, suppose your outward supplies are HO 10 lakhs, branchs 10lakhs &5 lakhs of same PAN. You are liable to register in TN, karnataka& kerala due to your aggregate turnover of all stated was exceeds 20 lakhs. you have to file returns in each state on the basis of the supplies made in that particular state.