In GST what is the definition of total turnover, with tax free and taxable or without tax free only taxable turnover?
Reply
As per 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, aggregate turnover include both taxable and exempt supplies.
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