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Adjusted total turnover- GST

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Shrinidhi Rao Karval

Article Assistant

158 Points Posted on 28 July 2020

I filed refund application for one of my client. Client is the exporter. He exported the goods without payment of duty.

We calculated ;'Adjusted total turnover' without considering the domestic exempt supply. Department issued SCN, saying exempt supply should be part of ATT. Notification 39/2018 amended the definition of adjusted total turn over. That has led to this issue.

As per dept interpretation, exempt supply excluded from the zero rated supply only.

Please shed some light on this definition. (39/2018 notification ATT definition, enclosed for your perusal.)

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Replies (1)

Jhalak Chhajed

39 Points Posted on 28 July 2020

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 cess;