how to calculate aggregate turnover. I want to know whether want to calculate with Tax which is collected from customer or without tax want to calculate. pls help me
if we sell exempted goods like Agricultural goods etc...along with our taxable goods..now do we need to include sale of exempted goods for our turn over purpose
Yes Sir... You are required to include sale of Exempt Goods with Taxable Goods for the purpose of computing Aggregate Turnover.
Kindly refer SECTION 2(6) :
"aggregate turnover" means the aggregate value of all taxable supplies [excluding the value of inward supplies on which tax is payable by a person on reverse charge basis], EXEMPT SUPPLIES, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess.
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