Concept of Aggregate Turnover in GST - GST Law and Procedure [January, 2019] - GST

..... ount Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess. The aggregate turnover is a crucial parameter for deciding the eligibility of a supplier to avail the benefit of exemption threshold of ₹ 20 Lakhs [Rs. 10 Lakhs in case of special category States except J & K] and for determining the threshold limit for composition levy. Let us dissect the definition in small parts to understand the meaning clearly. There ar .....

x x x x x   Extracts   x x x x x

Concept of Aggregate Turnover in GST - GST Law and Procedure January, 2019 - GST

x x x x x   Extracts   x x x x x

..... etween distinct persons having same PAN would be added to ‘aggregate turnover’. Last but not the least, such turnover is to be calculated by taking together the value in respect of the activities carried out on all-India basis. The aggregate turnover is different from turnover in a State. The former is used for determining the threshold limit for registration as well as eligibility for Composition Scheme. However, the composition levy would be calculated on the basis of turnover in t .....

x x x x x   Extracts   x x x x x

Concept of Aggregate Turnover in GST - GST Law and Procedure January, 2019 - GST

x x x x x   Extracts   x x x x x