What is the meaning of Aggregate turnover under GST?

Aggregate Turnover refers to the total sales value of a business registered under GST, which is calculated across all its operations throughout India and has the same PAN.

As per section 2(6) of CGST Act, 2017 ‘aggregate turnover’ meansthe 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.

So, we can say that Aggregate Turnover = (Value of all taxable supplies + Value of all exempt supplies + Value of all Nil Rated supplies + Value of all Zero Rated supplies + Value of all Non-GST supplies) - (Value of all Taxes & Compensation Cess under GST Act + Value of all inwards supplies + Value of all supplies under reverse charge) across all business entities of a person having the same PAN in India during the financial year

The exclusion in the calculation of aggregate turnover includes:

• Value of supplies that are subject to reverse charge mechanism and for which the recipient is responsible for paying tax. However, the value of such supplies will still be considered as part of the supplier's 'aggregate turnover'.

• Central tax, State tax, Union territory tax, Integrated tax and Compensation cess.

• Goods supplied for job work or received back after job work under section 143 of the CGST Act, 2017.

• For a job worker, the following supplies would not be included in his aggregate turnover:

a. Goods returned to the principal

b. Goods sent to another job worker on the instruction of the principal

c. Goods directly supplied from the premises of the job worker by the principal.

• Transactions that are not considered as the supply of goods or services under Schedule III of the CGST Act, 2017.