is exempt goods excluded from aggregate turnover in gst.
chandrakeshwar chandra (STUDENT) (15 Points)
02 August 2018
is aggregate turnover excludes exempt goods in gst. as per notification.
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177928 Points)
Replied 02 August 2018
Not for GST applicability.
Only for tax liability of composition dealers, it is excluded.
chandrakeshwar chandra
(STUDENT)
(15 Points)
Replied 02 August 2018
I am asking in gst registration aspects
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177928 Points)
Replied 02 August 2018
For calculation of the aggregate turnover for registration purpose, it includes taxable as well as non-taxable supplies......
Shivam RC
(Student)
(23683 Points)
Replied 03 August 2018
As per SECTION 2(6), Aggregate Turnover also includes the value of Exempt Supplies.
As per SECTION 2[6], "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.
But if you Supply only Exempted Goods or Services or both, then you are not liable for Registration under GST as per SECTION 23 [ PERSONS NOT LIABLE FOR REGISTRATION ].
As per SECTION 2[6], "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.
But if you Supply only Exempted Goods or Services or both, then you are not liable for Registration under GST as per SECTION 23 [ PERSONS NOT LIABLE FOR REGISTRATION ].
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