Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

Aggregate Turnover for Registration under GST

tarun singh (student) (204 Points)

15 January 2018

If a trader involves in business of olive oil and Petrol and turnover from both respective is 16 lakhs and 14 lakhs. Is it required to get himself registered under CGST act? If yes, then why?

Reply
Follow
Share

4 Replies

Amarjeet jasiwal (student) (147 Points)
Replied 15 January 2018

yes.. he is required to get registration since his aggregate turnover exceeds 20 lakh.

although petrol is non taxable and out of gst regime but still as per defination of aggregate turnover, all supply including exempt supply (which include non taxable supply also) should be added to compute 20 l threshold.

Upgrade to CAclubindia Pro. Subscribe Now!

Amarjeet jasiwal (student) (147 Points)
Replied 15 January 2018

u can refer defination of exempt supply which specifically includes non taxable supply..

Hope u understand.

Sunil Ahmad (Student) (1511 Points)
Replied 15 January 2018

and the inclusion s of Aggregate Turnover definition

tarun singh (student) (204 Points)
Replied 16 January 2018

But petrol is a non gst goods then how can we include it in aggregate turnover because excise and vat are continuing on petrol. So how can we treat petrol is a exempted good?