Aggregate Turnover
Shyam Dandwani (4 Points)
06 July 2020
Is outward supply on which Tax is payable by recipient i.e. RCM, included in the the aggregate turnover of supplier?
Shyam Dandwani (4 Points)
06 July 2020
chethan data
(298 Points)
Replied 06 July 2020
Hemal Makwana
(Designation)
(771 Points)
Replied 06 July 2020
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 06 July 2020
In case of supplier, the aggregate turnover will include outward supply on which tax is payable by the recipient under RCM.
The aggregate turnover excludes the value of inward supplies on which tax is payable by a person under RCM.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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