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


Member Customer
Joined:1 year  ago
Posts: 36
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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