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Aggregate Turnover

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4 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?
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On 06 July 2020 at 09:12 Report
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298 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
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On 06 July 2020 at 09:42
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Designation
771 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.
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On 06 July 2020 at 11:08
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Consultant
1891 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. 

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On 06 July 2020 at 11:14
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4 Points Posted on 06 July 2020
Thank You Sir.
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On 06 July 2020 at 11:52


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