Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Adjusted Total Turnover

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Adjusted Total Turnover
Query (Issue) Started By: - VISHWNANATH NR Dated:- 25-9-2020 Last Reply Date:- 26-9-2020 Goods and Services Tax - GST
Got 2 Replies
GST
Dear Sir/Madam My Query is .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... While calculating the Adjusted total turnover in the point A the sentence excluding the turnover the turnover of services means ? Adjusted Total Turnover" means the sum total of the value of- (a) t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he turnover in a State or a Union territory, as defined under clause (112) of section 2, excluding the turnover of services; and (b) the turnover of zero rated supply of services determined in terms .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of clause (D) above and nonzero-rated supply of services, excluding- (i) the value of exempt supplies other than zero-rated supplies; and (ii) the turnover of supplies in respect of which refund .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... is claimed under sub-rule (4A) or sub-rule (4B) or both, if any, during the relevant period Reply By Shilpi Jain: The Reply: The turnover of services is excluded and subsequently the realisations of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the service exports are added as the refund is eligible only when the proceeds are realised in case of service exports. I hope I got your question right. Reply By VISHWNANATH NR: The Reply: Dear M .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... a'am, Thank you !
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates