TaxTMI 
TaxTMI 
Dear Experts,
I need meaning for the following GST terms available in GST RFD-01 A
1. Turnover of Inverted rated supply of goods
2. Adjusted Total Turnover
3. Net Input tax Credit
MEANING FOR SOME GST TERMS
30 Jan 2018 
1 Reply 
1537 Views Asked by
GST term definitions requested to compute refund claim; clarification sought on turnover, adjusted turnover and net input tax credit.
Request for clarification of three GST terms required to prepare a refund claim: Turnover of Inverted Rated Supply of Goods, Adjusted Total Turnover, and Net Input Tax Credit. The taxpayer cannot complete the refund computation (Statement 1) without guidance on identifying, quantifying, and aggregating these items for the refund application. (AI Summary)
Request for clarification of three GST terms required to prepare a refund claim: Turnover of Inverted Rated Supply of Goods, Adjusted Total Turnover, and Net Input Tax Credit. The taxpayer cannot complete the refund computation (Statement 1) without guidance on identifying, quantifying, and aggregating these items for the refund application. (AI Summary)