https://www.taxtmi.com/article/detailed?id=6976 The Model GST Law defines aggregate turnover as the PAN wise, all India aggregate of taxable supplies, non taxable supplies, exempt supplies and exports, excluding CGST/SGST/IGST taxes, reverse charge supplies and inward supplies; valuation of supplies will follow the Model Law's section 15 framework and draft valuation rules. Including exempt and non taxable supplies in the aggregate can force registration and composition liability on suppliers with little taxable turnover, producing disproportionate effective tax burdens and administrative distortion, prompting recommendations to narrow the definition or raise exemption thresholds. en-us Fri, 09 Sep 2016 21:56:34 +0530 Fri, 09 Sep 2016 21:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6976 The Model GST Law defines aggregate turnover as the PAN wise, all India aggregate of taxable supplies, non taxable supplies, exempt supplies and exports, excluding CGST/SGST/IGST taxes, reverse charge supplies and inward supplies; valuation of supplies will follow the Model Law's section 15 framework and draft valuation rules. Including exempt and non taxable supplies in the aggregate can force registration and composition liability on suppliers with little taxable turnover, producing disproportionate effective tax burdens and administrative distortion, prompting recommendations to narrow the definition or raise exemption thresholds. Articles Goods and Services Tax - GST Fri, 09 Sep 2016 21:56:34 +0530 https://www.taxtmi.com/article/detailed?id=6976