the turnover of supplies in respect of which refund is claimed under subrules (4A) or (4B)

[Basha AbdulRazack]

Sir/Madam

Adjusted Total turnover' means the turnover in a State or a Union territory, as defined under clause (112) of section 2, excluding –

(a) the value of exempt supplies other than zero-rated supplies and

(b) the turnover of supplies in respect of which refund is claimed under subrules (4A) or (4B) or both, if any, during the relevant period;

With reference to the above please explian the point (b) (Turnover means What type of Turnover)

Regards

Abdul Razack.b

AI Summary

Clarification on GST: Adjusted Total Turnover Excludes Certain Supplies for Refunds per CGST Rules, 2017 Subrules (4A) & (4B) A discussion on a forum regarding the Goods and Services Tax (GST) addresses the definition of 'adjusted total turnover' under the CGST Rules, 2017. A participant queries about the exclusion of certain supplies from the turnover for which a refund is claimed under subrules (4A) or (4B). Respondents clarify that the adjusted turnover excludes the value of exempt supplies and supplies benefiting from specific notifications, such as those taxed at a reduced rate for export. References to relevant notifications are provided for further clarification.