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2 cr turnover limit means including tax(gross) or excluding tax(turnover)
As per Section 35(5) it is ‘turnover’.
Aggregate Turnover is mentioned in corresponding Rule 80(3).
The word ‘turnover’ is defined in Explanation to Section 20(2). Even though the Section 20 is with regard to ISD, as per the write up, the definition is applicable to all Registered Taxpayers.
Legally, the provisions of Section prevail over the rules.
However, both ‘aggregate turnover’ and ‘turnover’ excludes the duties and taxes.
No more reading is necessary to answer the query.
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