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Aggregate Turnover in GST

Goods and Services Tax - GST Law and Procedure - 04 - 1. Turnover, in common parlance, is the total volume of a business. The term aggregate turnover has been defined in GST law as under: Aggregate turnover means the aggregate value of all taxable su .....

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puted on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess. 2. The aggregate turnover is a crucial parameter for deciding the eligibility of a supplier to avail the benefit of exemption threshold of  .....

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d in the definition which need a bit of elaboration. 3. It may be noted that the inward supplies on which the recipient is required to pay tax under Reverse Charge Mechanism (RCM) does not form part of the aggregate turnover . The law stipulates cert .....

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