Aggregate turnover
This query is : Resolved
raghavendra b
(Querist)
10 October 2017
dear sir,
aggregate turnover means including all taxable, exempt sales and also if we paid taxes on urd purchases included aggregate turnover,
please clarify me
aggregate turnover means including all taxable, exempt sales and also if we paid taxes on urd purchases included aggregate turnover,
please clarify me
Dr. ShamsheerKhan
(Expert)
10 October 2017
Taxes paid on urd purchases are nothing but Reverse charge and it is an expense which does not includes in Aggregate Turnover.
raghavendra b
(Querist)
10 October 2017
thanks sir for your reply
regards
regards
Dr. ShamsheerKhan
(Expert)
10 October 2017
You are welcome Mr RB.
31 October 2026
Yes, aggregate turnover covers taxable, exempt (including nil-rated and non-taxable) supplies, exports and inter-state supplies between distinct persons with the same PAN, computed all-India; it excludes GST itself and the value of inward supplies on which you pay tax under RCM.
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