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How to Calculate Aggregate TurnOver for GST

pr br (319 Points)

15 May 2019

Can someone please help me to know what to include to Calculate the Aggregate turnover for last FY?

I am going to file new GSTR1 for this FY 2019-20.

Is aggragte turnover means the total taxable sale value for the entire FY 2018-19?

I am giving service to a interstate company an raise GST invoice every month.

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7 Replies

abhishek bardia (partner) (308 Points)
Replied 15 May 2019

sir please refer section 2 (6) the definition of aggregate turnover. which includes exempt supplies along with the taxable supplies excluding tax paid on reverse charge basis. it also includes export made

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Padmanathan Kv (2127 Points)
Replied 16 May 2019

Aggregate Turnover will include taxable as well as exempt supplies made

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pr br (319 Points)
Replied 16 May 2019

I do not have any export,exempt supply . I only have interstate service supply . so I only add all the taxable invoice value ( exclude tax from it) to calculate the aggregate Turnover ,right ?

Also please confirm if value of inward supply are excluded from Aggregate turnover ? (I know inward supply value under RCM are excluded) but what about those which does not fall under RCM . I am asking about normal inward supply of services and goods ?

pr br (319 Points)
Replied 16 May 2019

Originally posted by : abhishek bardia
	sir please refer section 2 (6) the definition of aggregate turnover. which includes exempt supplies along with the taxable supplies excluding tax paid on reverse charge basis. it also includes export made

does ATO exclude value of inward supply of services and goods ?

it excludes inward supply under RCM . but what about value of inward supply which does not fall under RCM ?

abhishek bardia (partner) (308 Points)
Replied 16 May 2019

yes you are right you will include inter state service supply for calculating aggregate turnover.

yes sir for calculating aggregate turnover inward supplies are not to be included. please correct me if i an wrong.