aggregate turnover
Dhrity Mukherjee (3 Points)
04 September 2017
Does Aggregate Turnover include inward supply?
2 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 04 September 2017
No .......
purchase or sale whichever is higher
purchase or sale whichever is higher
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 05 September 2017
Dear Dhrity,
As per CGST Act 2017,
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.
So inword supply is not part of aggregate turnover
Recent Topics
- Anyone using a BI tool to get better insights from
- Build Your Future Safely with Post Office FD Schem
- Section 194T : TDS application
- Hike in ATM charges effective from 1st May 2025
- Refund for excess TDS deposited under 26QC
- 7th Pay Commission Leave Rules for Central Governm
- 26QB - TDS on Property, intt and Penalty
- GST Appeal with Tribunal
- TDS for Non Profit
- Report in GSTR 1- Export invoice
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
