aggregate turnover
achuth menon (274 Points)
18 March 2018
how is the turnover calculated is it state wise or all india basis?
5 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 18 March 2018
dear Menon : defination of aggregate turnover as per section 2(6) cgst
"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 it's pan based
"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 it's pan based
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