aggregate turnover definition

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;
aggregate turnover means the aggregate value of all taxable supplies, exempt supplies, exports of goods and/or services and inter-State supplies of a person having the same PAN, to be computed on all India basis and excludes taxes, if any, charged under the CGST Act, SGST Act and the IGST Act, as the case may be;Explanation.- Aggregate turnover does not include the value of inward supplies on which tax is payable by a person on reverse charge basis under sub-section (3) of Section 8 and the value of inward supplies.
aggregate turnover means the aggregate value of

More Definitions of aggregate turnover

aggregate turnover means the aggregate value of all taxable and non-taxable supplies, exempt supplies and exports of goods and/or services of a person having the same PAN, to be computed on all India basis and excludes taxes, if any, charged under the CGST Act, SGST Act and the IGST Act, as the case may be;
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
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
aggregate turnover means the aggregate value of all taxable supplies
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;❖ It is evident that the turnover includes exempt supplies, export of goods or services, the inter-state supplies of person having the same Permanent Account Number. Thus the definition does not include the turnover of transaction which are not considered as supply. Such transaction are specified in Schedule – III and will include transaction which can not be considered as supply under Section 7. ❖ Can the sales shown in Profit & Loss/ Income & Expenditure Account be considered as basis for determining turnover?6v) Some of the items on which normally there is dispute regarding including the amount in turnover are –
aggregate turnover means total turnover of a person having the same PAN in respect of the following: (i) All taxable supplies including interstate supplies (ii) Exempt supplies (iii) Exports of goods and/or service
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 PAN, to be computed on all India basis but excludes C/S/UT/IGST & cess;