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E-INVOICING, Goods and Services Tax - GST |
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E-INVOICING |
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Dear Experts, Raising of E-invoicing for Tax payers with Annual Aggregate Turnover ₹ 100 crore starting from Jan 1-2021. We are having three manufacturing units in Haryana under ONE pan number. Now my query is whether turnover for all three units will be consolidated for this purpose or each unit will be treated separately. Please Suggest accordingly. REGARDS, WADHWA Posts / Replies Showing Replies 1 to 4 of 4 Records Page: 1
Dear Sir, Aggregrate turnover of all the units with same PAN is to be considered for opting e-invoice.
Sir, According to Section 2 (6) of CGST Act, 2017, "aggregate turnover" means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies 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 and cess." Therefore to calculate the aggregate turnover you have to take the supply figures as per your retuns in respect of all the three units.
Turnover of all the three units under same PAN will be clubbed for this purpose.
I agree with the views of the experts. Page: 1 Old Query - New Comments are closed. |
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