plz suggest me
GST payable under RCM whether include or not for calculate aggregate turnover.
like lic commission include or not for aggregate turnover.
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Aggregate turnover under gst
Replies (9)
when a client is registered, all incomes to be considered as turnover as far as gst audit. lic commission also to be included.
thanks sir but my question is whether lic commission include for calculate aggregate T/o for registration under GST
yes include to aggregate turnover
Inward supplies on which taxes are paid under reverse charge are excluded from turnover.
Since, GST is payable under RCM for LIC commission , thus this will not be included in aggregate turnover.
agreed with ruchira ji
@ Mr. ARJUN RAJPOOT.,
The said LIC commission is Your income then It will be also Calculate "Aggregate Turn Over" with any other Incomes earned by You...
The said LIC commission is Your income then It will be also Calculate "Aggregate Turn Over" with any other Incomes earned by You...
Pritish do u know who is paying RCM on LIC Commission?
RCM is not part of aggregate turnover 2(6). LIC comm is for a supply of service therefore included.
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