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Turnover concept

184 views 2 replies

Rajesh Katkar

43 Points Joined April 2017

please explain me abt turnover
Turnover is value before adding GST or total turnover inclusive OF GST
criteria for new dates of GST
in which it is important
turnover for 2018 -19 or turnover for 2019-2020 which should be considered
our total turnover inclusive GST goes above 5 cr.
please guide

Replies (2)

prasad Nilugal

GST Practitioner & Accounts

15045 Points Joined March 2014

Aggregate Turnover is define under section 2(6) of the CGST act 2017 as follows

The aggregate turnover means aggregate value of all taxable supply (excluding RCM) , exempt supply , export of goods or services or both , inter -state supply of persons having the same PAN to be computed on all India basis , but excluding CGST , SGST , UTGST , IGST and Cess ..