Section 2(6) of CGST Act: Meaning of “Aggregate Turnover”

Definition of the term “Aggregate Turnover” under the Central Goods and Services Tax (CGST) Act, 2017

As per Section 2(6) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess.

Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

Section 2 of CGST Act, 2017: Definitions

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