19 September 2017
What is aggregate turnover of previous year as specified in gst1?Is it include tax or not?.I am a dealer migrated from vat regime.Again inside the aggregate turnover box,there is mentioned as gross turnover.As per vat act gross turnover include sale turnover and tax.But in gst aggregate turnover means only sale turnover excluding tax.So many CA narrate it to mention sale turnover excluding tax.Which one is correct?
19 September 2017
basically try to understand that the turnover of last year is for giving additional data for comparison purpose. It will not make any difference whether or not you give inclusive of tax or exclusive..... (For the sake of comparability, it is better to give the last year's figure exclusive of tax)
19 September 2017
Yes. I fully agreed to Mr Amol S Joglekar Sir...
It's only comparable for the GST into previous Tax regime...
You enter exclusive of value like basic values..
CAclubindia
