what is annual turnover in gst
Jeetu Manglani (177 Points)
10 July 2019
gst amount includes in annual rurnover ?
4 Replies
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 10 July 2019
IF You are talking about aggregate turnover under GST it is as follows
“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
Shivam RC
(Student)
(23683 Points)
Replied 12 July 2019
Aggregate Turnover under GST does not include GST components. CGST, SGST, IGST, UTGST and Cess are not taken into consideration while computing Aggregate Turnover.
Refer Section 2(6) of the CGST Act 2017.
Refer Section 2(6) of the CGST Act 2017.
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