GST FLYERS#008: CONCEPT of AGGREGATE TURNOVER IN GST !!!

Under the GST regime, for any business if the aggregate turnover in a financial year exceeds Rs 20 lakhs then there is a mandatory requirement for getting the business registered under Goods and Services Tax. This limit is set at Rs 10 lakhs for North Eastern and hilly states flagged as special category states and also in case of Composition Scheme u/s 10, concept of aggregate turnover is relevant.
The above requirement of registration under GST regime makes the concept of “aggregate turnover”  of utmost importance.  In this article we have tried to explain all about aggregate turnover and answered most of the questions viz. What is aggregate turnover?, How aggregate turnover will be calculated ?, What will be included and what will be excluded for calculating aggregate turnover? How to Calculate Aggregate Turnover for GST Registration?

Comments