Section 2(6) defines "aggregate turnover" as the aggregate value of __________.

CS Executive · Tax Laws and Practice · PYQS · June 2021
Section 2(6) defines "aggregate turnover" as the aggregate value of __________.
(A) All taxable supplies including the value of inward supplies on which tax is payable by a person on reverse charge basis, exempt supplies, export of goods or services or both and interstate supplies of person having the same permanent account number to be computed on all India basis.
(B) All taxable supplies excluding the value of inward supplies on which tax is payable by a person on reverse charge basis, exempt supplies, export of goods or services or both and interstate supplies of person having the same permanent account number to be computed on all India basis.
(C) All taxable supplies excluding the value of inward supplies on which tax is payable by a person on reverse charge basis, exempt supplies, export of goods or services or both and interstate supplies of person having different permanent account number to be computed on all India basis.
(D) All taxable supplies including the value of inward supplies on which tax is payable by a person on reverse charge basis, exempt supplies, export of goods or services or both and interstate supplies of person having different permanent account number to be computed on all India basis.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: GST

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