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

AI Summary

Aggregate Turnover for GST Registration Includes Exempt Supplies per Section 2(6) of CGST Act In a discussion about Goods and Services Tax (GST), a query was raised regarding whether aggregate turnover includes exempted turnover for registration purposes. It was clarified that aggregate turnover does include exempt supplies, as defined under Section 2(6) of the CGST Act. This turnover is calculated on an all-India basis. For North Eastern and special category states, the exemption threshold is set at Rs. 10 lakhs. Taxpayers eligible for threshold exemption can opt to pay tax with Input Tax Credit benefits, but those making inter-State supplies or paying tax on a reverse charge basis are not eligible for this exemption.