Aggregate Turnover under GST- Meaning, Inclusion and Exclusions

• October 4, 2019
• CA Chandan Agarwal's Office

> The term ‘aggregate turnover’ plays an important role in GST. It decides:

1. Whether a person is liable for registration under GST?

2. Whether a person is eligible for opting Composition Scheme?

> The term ‘aggregate turnover’ has been defined in GST law as under:

“Aggregate Turnover” means value of all taxable supply (excluding the value of           inward supply on which tax is payable by a person on reverse charge basis),    exempt supply, export of goods or services or both and interstate supply of persons having the same permanent account number, to be computed on all India basis but excludes central tax, state tax, union territory tax, integrated tax & cess.

Read more on: https://taxguru.in/goods-and-service-tax/aggregate-turnover-gst-meaning-inclusion-exclusions.html