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    <title>AGGREGATE TURNOVER</title>
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    <description>Aggregate turnover is the all India aggregate value of taxable supplies (excluding inward supplies on which tax is payable on reverse charge), exempt supplies, exports and inter State supplies of persons with the same PAN, excluding central, State, Union territory and integrated taxes and cess. Composition scheme eligibility and lapse are determined by aggregate turnover, with an option for qualifying registered persons to pay tax at prescribed composition rates and lapse where turnover in a financial year exceeds the statutory limit. ISD credit is distributable pro rata by turnover using C1 = (t1/T) x C.</description>
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