What is aggregate turnover under GST

By | August 2, 2017

 

Question : What is aggregate turnover?

Answer: As per section 2(6) of the CGST Act, 2017, “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 compensation cess.

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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