Menu
Aggregate Turnover
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
Hi sir doesn't include rcm which paid by recipient because under gst aggregate turnover includes Exempted, zero related, taxable supply except rcm
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.
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.
Thank You Sir.
Recent Topics :
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
- Eway and e invoicing in condition where 4 party ar
- Bank balance in ITR-3
- INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
- Tempsens Instruments IPO GMP Allotment Listing dat
- Upload Type - Correction. Not showing in TDS filli
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
Related Topics :
CAclubindia
