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Aggregate Turnover for Registration under GST
If a trader involves in business of olive oil and Petrol and turnover from both respective 16 lakhs and 14 lakhs. Is it required to get himself registered under CGST act? If yes, then why?
Replies (2)
Yes. Aggregate Turnover exceeds Rs.20 lakhs.
Aggregate Turnover includes Turnover of both the supplies of taxable and non taxable -would be taken into account.
Aggregate Turnover includes Turnover of both the supplies of taxable and non taxable -would be taken into account.
Petrol is out of preview of GST so this is exempted turnover and olive oil is taxable turnover
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