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13) How to compute ‘aggregate turnover’ to determine eligibility for composition scheme?  

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 Ruby
Member Customer
Joined:10 months  ago
Posts: 37
March 11, 2017 5:29 am  

The methodology to compute aggregate turnover is given in Section 2(6). Accordingly, ‘aggregate turnover’ means ‘Value of all supplies (taxable and non-taxable supplies + Exempt supplies + Exports) and it excludes Taxes levied under CGST Act, SGST Act and IGST Act, Value of inward supplies + Value of supplies taxable under reverse charge of a person having the same PAN.

 


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