Section 2(6) of 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 a person having the same Permanent Account Number, to be computed on all India basis and excludes central tax, State tax, Union territory tax, integrated tax and cess.
Analysis - Aggregate Turnover =
Taxable Supplies
+ Exempt Supplies
+ Export of goods or services or both
+ Inter- state Supplies of a person having same PAN
- Inward supplies on which tax is payable on reverse charge basis (if included then only deduct)
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 a person having the same Permanent Account Number, to be computed on all India basis and excludes central tax, State tax, Union territory tax, integrated tax and cess.
Analysis - Aggregate Turnover =
Taxable Supplies
+ Exempt Supplies
+ Export of goods or services or both
+ Inter- state Supplies of a person having same PAN
- Inward supplies on which tax is payable on reverse charge basis (if included then only deduct)
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