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 I have to apply a GST refund application in which formula is given. As per formula adjusted turnover what is meaning. My client firm turnover is inverted item 2 crore and non inverted item is Rs. 1 crore. Whether in adjusted turnover amount will be 3 crore or 2 crore as per rule 89(5)...


In this case, adjusted turnover will be Rs. 3 crore.

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