Aggregate turnover

Others 324 views 2 replies

V.ganapathy

consultant

87 Points Posted on 15 January 2017

the defnition of aggregate turnover for service tax (only) assessees is confusing..Till now,a consultant who has income from export of services and indian income had to pay ST only on the indian income if it exceeded 10 lacs.In GST regime the aggregate turnover term is coined and includes non-taxable services also..Does it mean that a consultant who exports services worth 22 lacs and also does consultancy for Indian company to the tune of 1 lac has to register for GST?? and also pay taxes on 23 lacs?? previously all his export of services was excluded or exempted from service tax and only local services were taxed.. Can anyone clarify ? If true is this not a major deviation as it taxes export of services also??

Thanks

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211718 Points Posted on 15 January 2017

You are correct to interpret the aggregate turn over as per GST modified draft. So, you are required to migrate/register with GST. But whether liability to pay GST over the particular service, is not defined yet.

V.ganapathy

consultant

87 Points Posted on 15 January 2017

If one has to register for GST though knowing he need not pay any taxes or has no taxable income, then why waste applicant's time and of those reviewing these applications? A prudent thing will be to clarify the meaning of taxable income in GST for service tax (only) assessees and save everybod's time and efforts..Hope the framers of the rules do the needful.