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TMI BlogAGGREGATE TURNOVER and turnover in stateX X X X Extracts X X X X X X X X Extracts X X X X ..... AGGREGATE TURNOVER and turnover in state X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Reply By KASTURI SETHI: The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply: 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... State supplies or paying tax on reverse charge basis shall not be eligible for threshold exemption.
Reply By MARIAPPAN GOVINDARAJAN:
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I endorse the views of Shri Sethi. X X X X Extracts X X X X X X X X Extracts X X X X ..... m - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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