Does turnover on which tax paid under the reverse charge mechanism included in aggregate turnover?
Does turnover on which tax paid under the reverse charge mechanism included in aggregate turnover?
Jeeba Jul. 06, 2018
As per the law, aggregate 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 a reverse charge basis, exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number.
Outward supplies on which tax is paid on reverse charge basis by the recipient will be included in the aggregate turnover of the supplier.
