Menu
Composition levy
Whether In Aggregate turnover we can include the all states turnover if they have different pan?
Replies (2)
No. ........
Aggregate Turnover Computed for turnover
Aggregate Turnover Computed for turnover
No..
The term Aggregate Turnover has been defined u/s 2(6) of the CGST Act 2017 :
"Aggregate Turnover means the aggregate value of all taxable supply ( excluding the value of inward supply on which tax is payable by a person in reverse charge basis ) exempt supply, export of goods or services or both and Inter State Supply of persons having the *"same Permanent Account Number"* to be computed on all India basis but excludes CGST, SGST, UTGST, IGST and Cess.
Therefore, turnover of same PAN entities to be computed to get the value of Aggregate Turnover.
Warm Regards.
The term Aggregate Turnover has been defined u/s 2(6) of the CGST Act 2017 :
"Aggregate Turnover means the aggregate value of all taxable supply ( excluding the value of inward supply on which tax is payable by a person in reverse charge basis ) exempt supply, export of goods or services or both and Inter State Supply of persons having the *"same Permanent Account Number"* to be computed on all India basis but excludes CGST, SGST, UTGST, IGST and Cess.
Therefore, turnover of same PAN entities to be computed to get the value of Aggregate Turnover.
Warm Regards.
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
