What is TOURNOVER meant in GST ?
Venkatesh Nayak (11 Points)
23 October 2017
Whether total Tournover means only sales or it also includes purchase in GST ?
2 Replies
Aditya Agrawal
(Student CA Final)
(146 Points)
Replied 23 October 2017
Total turnover ( defined in GST as aggregate turnover) means all the sales made by a “taxable person, registered or required to be registered “ and includes all the sales made whether nil rated, exempt, or taxable.
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