aggregate turnover

24 July 2017

Turnover on reverses charge can be add on aggregate turnover.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166268 Points)
Replied 24 July 2017

Aggregate turnover shall be total of the following amounts or sums, i.e. aggregate of the following –

'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.

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Sandeep Upadhyay (1518 Points)
Replied 24 July 2017

No turnover of reverse charge is not added but deducted from Turnover

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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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