aggregate turnover
Jeevanprkash Dubey (17 Points)
24 July 2017
Turnover on reverses charge can be add on aggregate turnover.
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178014 Points)
Replied 24 July 2017
Aggregate turnover shall be total of the following amounts or sums, i.e. aggregate of the following –
- Value of all taxable supplies of goods and services
- Value of all non-taxable supplies of goods and services
- Value of exempt supplies of goods and services
- Value of all goods and services exported
'Aggregate turnover' shall, however, exclude the following sums –
- Taxes, if any charged under the CGST Act, SGST Act and IGST Act.
- Value of supplies of goods and services on which tax is levied on reverse charge basis.
- Value of inward supplies of goods and services.
Sandeep Upadhyay
(1518 Points)
Replied 24 July 2017
No turnover of reverse charge is not added but deducted from Turnover
naveen
(CS)
(214 Points)
Replied 24 July 2017
Dear Dubey,
Reverse is payable on purchase of services. So, you know that purchase is not the turnover.
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