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TURNOVER GST REGISTRATION

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Audit Assistant
39 Points Posted on 25 June 2020
Whether Advance received for Supply of Service is considered for threshold limit for GST REGISTRATION ?
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On 25 June 2020 at 23:04 Report
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GST Practitioner
55067 Points Posted on 26 June 2020
No......... advances do not cover under Defination of Aggregate Turnover under section 2(6) of the CGST Act
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On 26 June 2020 at 00:20
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241 Points Posted on 28 June 2020
No not considered
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On 28 June 2020 at 16:03
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Audit Assistant
39 Points Posted on 28 June 2020
Aggregate turnover” means the aggregate value of all taxable supplies

& Taxable supply has been broadly defined and means any supply of goods or services or both which, is leviable to tax under the Act.

In view of above definition Advance is also taxble .. ?
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On 28 June 2020 at 16:07


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