A dealer has to charge 1% gst on turnover. for this purpose what all are included in turnover ? only taxable supplies or it also includes exempt supplies.
Dear Mr.Parivesh Jain, Q 7. How will the aggregate turnover be computed for the purpose of
composition?
Ans. Aggregate turnover will be computed on the basis of turnover on an all India basis
and will include value of all taxable supplies, exempt supplies and exports made by all
persons with same PAN, but would exclude inward supplies under reverse charge as well
as central, State/Union Territory and Integrated taxes and cess.
Regards Vinay Reddy like & follow to stay connected
Yes.... Mr Anil Ahuja., Upto 14th November we ll calculate T/O for the supplies of "Taxable, Excempted and Nil Rated" and ll be payable Tax full T/O...
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