is sale of petrol and diesel is non- Gst sale or non taxable sale. whether the turnover of petrol and diesel sale is considered while calculating limit of rs 2 crore for
aggregate turnover.
sale of petrol and diesel
Replies (3)
Non GST sale & Non taxable sale is same
As per Definition provided in section .2(79) of CGST Act : supplies which .is not leviable tax under this Act .
& if Read the definition of. Aggregate Turnover in section 2 (6) includes exempted supply & As per section 2(47) exempt supply includes Non Taxable Supply.
Hence , to compute aggregate turnover for limit 2crore Non taxable supply is to be included
As per Definition provided in section .2(79) of CGST Act : supplies which .is not leviable tax under this Act .
& if Read the definition of. Aggregate Turnover in section 2 (6) includes exempted supply & As per section 2(47) exempt supply includes Non Taxable Supply.
Hence , to compute aggregate turnover for limit 2crore Non taxable supply is to be included
If ur supply is wholly non gst then no need of regIf u have both gst n non gst supply then consider both for calculation of 2crIn gstr9c u will be allowed to separate gst n non gst
Agree with Pankaj Sir's view...
Under the GST Law, there is no definition of Non GST Sale. Non Taxable Supply has been defined. So these two terms may be taken into consideration as same.
Moreover as said by Pankaj Sir, the definition of Exempt Supply as given under Section 2(47) of the CGST Act 2017 includes Non Taxable Supply.
Hence you have to take into account the revenue received from sale of petrol, diesel etc while computing your Aggregate Turnover.
Warm Regards.
Under the GST Law, there is no definition of Non GST Sale. Non Taxable Supply has been defined. So these two terms may be taken into consideration as same.
Moreover as said by Pankaj Sir, the definition of Exempt Supply as given under Section 2(47) of the CGST Act 2017 includes Non Taxable Supply.
Hence you have to take into account the revenue received from sale of petrol, diesel etc while computing your Aggregate Turnover.
Warm Regards.
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