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

[Alkesh Jani]

Sir,

The CGST Rules, 2017 has been amended from time to time, with regards to your query, sub-rule 4A or 4B, of Rule 89 of CGST Rules, 2017. You are requested to refer Notification No. 75/2017-CT dated 29.12.2017 and Notification No.3/2018-CT dated 23.01.2018.

In simple language it can be said that if you have availed benefits under Notification No.40/2017 (Rates) or 41/2017 (Rates), the same is to be excluded, to arrive at adjusted turnover.

Our experts may correct me if mistaken.

Thanks

[Ganeshan Kalyani]

Supplies made to recipient for export is taxable at 0.05% CGST. If this benefit is availed then it is not to be considered for adjusted total turnover.

AI Summary

Adjusted total turnover exclusion: supplies benefiting from specified rate notifications or reduced-rate export supplies are excluded. Adjusted total turnover excludes exempt supplies other than zero-rated supplies and supplies in respect of which a refund is claimed under the prescribed subrules; the refund-related exclusion covers supplies that have availed specified rate notifications or concessional export-related GST treatment and therefore are removed from the turnover base for the relevant period.