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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 ?

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CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 23 October 2017

Purchase not included

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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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