AGGREGATE TURNOVER and turnover in state, Goods and Services Tax - GST

[Ravikumar Doddi]

Dear sir,

Does aggregate turnover includes exempted turnover to take registration or any changes to the definition of aggregate turnover and also any changes to turnover in state

Posts / Replies

[KASTURI SETHI]

For the purpose of obtaining registration under GST, aggregate turnover includes exempt supplies also. As per Section 2(6) of CGST Act:-

[Aggregate turnover shall include the aggregate value of all taxable supplies, exempt supplies and exports of goods and/or services and exclude taxes viz. GST.] Aggregate turnover shall be computed on all India basis. For NE States and special category states, the exemption threshold shall be [Rs. 10 lakhs]. All taxpayers eligible for threshold exemption will have the option of paying tax with Input Tax Credit (ITC) benefits. Taxpayers making inter-State supplies or paying tax on reverse charge basis shall not be eligible for threshold exemption.

[MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Sethi.