Meaning of the term 'Turnover' & related aspects for GST Audit Report

Saloni Kothari Patil | Last updated: 19 November 2018

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Introduction Turnover is an important term under the Goods and Service Tax (GST) regime. Turnover, in common parlance, means value of a business over a period of time. Aggregate turnover in GST can be described as the taxable value ofsupplies of goods and services, exempt supplies of goods and services, export of goods and services and inter-state supplies.Aggregate Turnover is an all-encompassing term covering all the supplies affected by a person having the same PAN. Turnover is relevant to

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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Saloni Kothari Patil

Senior Executive

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Meaning of the term 'Turnover' & related aspects for GST Audit Report

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