AGGREGATE TURNOVER and turnover in state

[Ravikumar Doddi]

Dear sir,

Does aggregate turnover includes exempted turnover to take registration or any changes to the definition of aggregate turnover and also any changes to turnover in state

[KASTURI SETHI]

For the purpose of obtaining registration under GST, aggregate turnover includes exempt supplies also. As per Section 2(6) of CGST Act:-

[Aggregate turnover shall include the aggregate value of all taxable supplies, exempt supplies and exports of goods and/or services and exclude taxes viz. GST.] Aggregate turnover shall be computed on all India basis. For NE States and special category states, the exemption threshold shall be [Rs. 10 lakhs]. All taxpayers eligible for threshold exemption will have the option of paying tax with Input Tax Credit (ITC) benefits. Taxpayers making inter-State supplies or paying tax on reverse charge basis shall not be eligible for threshold exemption.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Sethi.

AI Summary

Aggregate turnover includes exempt supplies and exports; threshold exemption excluded for inter state and reverse charge taxpayers. Aggregate turnover for GST registration includes taxable supplies, exempt supplies and exports on an all India basis, excluding taxes. Threshold exemption is determined by this aggregate figure; eligible taxpayers may opt to pay tax and claim Input Tax Credit. Inter state suppliers and persons paying tax on reverse charge are not eligible for threshold exemption.