Aggregate Turnover: Is RCM Included? GST Explained

Aggregate Turnover

Shyam Dandwani

20 Points Posted on 06 July 2020

Is outward supply on which Tax is payable by recipient i.e. RCM, included in the the aggregate turnover of supplier?

Replies (4)

Quick Summary

This discussion clarifies whether outward supplies subject to the Reverse Charge Mechanism (RCM), where the recipient pays the tax, should be included in the supplier's aggregate turnover. While RCM inward supplies are excluded, RCM outward supplies are indeed part of the supplier's aggregate turnover according to GST definitions.

chethan data

20 Points Posted on 06 July 2020

Hi sir doesn't include rcm which paid by recipient because under gst aggregate turnover includes Exempted, zero related, taxable supply except rcm

Hemal Makwana

Designation

20 Points Posted on 06 July 2020

Yes shyam Sir, outward supply on which tax is payable by recipient will be included in aggregate turn over of supplier. definition of aggregate turnover is clear in this regard.

Spurto Consultancy Services

Consultant

20 Points Posted on 06 July 2020

In case of supplier, the aggregate turnover will include outward supply on which tax is payable by the recipient under RCM.

The aggregate turnover excludes the value of inward supplies on which tax is payable by a person under RCM.

Shyam Dandwani

20 Points Posted on 06 July 2020

Thank You Sir.

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Aggregate Turnover

Shyam Dandwani

chethan data

Hemal Makwana

Spurto Consultancy Services

Shyam Dandwani

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