Deputy Finance Manager
1136 Points
Posted on 01 August 2017
| Originally posted by : Chandan Gupta |
 |
a firm gives service & also involve in manufacturing.It's turnover = service+goods.or they will count separately. |
 |
The definition of aggregate turnover under revised GST Draft Law is under section 2(6) which states that the aggregate turnover shall include all taxable supplies, exempt supplies, exports of goods and/or services and inter-State supplies of a person having the same PAN. The turnover is to be computed on all India basis and it shall exclude taxes, charged under the CGST Act, SGST Act and the IGST Act. Further an explanation has been provided which states that payments made under reverse charge mechanism shall not be included in computation of aggregate turnove