aggregate turnover
Dhrity Mukherjee (3 Points)
04 September 2017
Does Aggregate Turnover include inward supply?
2 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 04 September 2017
No .......
purchase or sale whichever is higher
purchase or sale whichever is higher
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 05 September 2017
Dear Dhrity,
As per 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 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.
So inword supply is not part of aggregate turnover
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