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GST AUDIT TURNOVER

12 July 2018

Dear Sir/Madam,
GST Audit Limit 2 Crore but how to calculate Turnover ??
1) Aggregate Turnover Or
2) Sale - Sale Return = Net Sale

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4 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 12 July 2018

AGGREGATE T/O

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Namaskar World (9 Points)
Replied 12 July 2018

for each taxable goods & services, GST rates are different.
but, in certain cases--
Is GST rates are different for each types of dealers ?
( Example:- Dealer under composition scheme have fixed rates.... But in case of other types of dealers ???? )

Vinod Babu (24191 Points)
Replied 13 July 2018

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;

Aggregate turnover includes aggregate value of all taxable supplies, exempted supplies, exports, interstate supplies. It is to be noted that aggregate turnover does not include taxes charged under GST acts.

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