Aggregate Turnover
Shyam Dandwani (4 Points)
06 July 2020
Is outward supply on which Tax is payable by recipient i.e. RCM, included in the the aggregate turnover of supplier?
4 Replies
chethan data
(298 Points)
Replied 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)
(771 Points)
Replied 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)
(1891 Points)
Replied 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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