ADJUSTED TOTAL TURNOVER, Goods and Services Tax - GST

[marichamy rajendran]

Which are the turnover to be exclude in Adjusted Total Turnover while using refund formula to calculating refund amount under GST.

Those who have knowledge on this subject, please share their views to assist me.

Posts / Replies

[Atul Rathod]

a) Domestic Exempted turnover

b) Refund claimed on account of zero rated supply (turnover) wherein supplier of inputs/input service has claimed the benefit of deemed exports/concessional rate for merchant exports/benefit against EPCG Scheme.