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What does the term "aggregate turnover" mean under Section 2(6) of the CGST Act, 2017?
  • a)
    The total turnover of all businesses registered under the same PAN
  • b)
    The total turnover of a registered person's business and personal income
  • c)
    The total turnover of all businesses within a specific state
  • d)
    The total value of taxable supplies minus exempt supplies
Correct answer is option 'A'. Can you explain this answer?
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What does the term "aggregate turnover" mean under Section 2...
The term "aggregate turnover" under Section 2(6) of the CGST Act, 2017, means the total turnover of all taxable supplies (excluding reverse charge supplies), exempt supplies, exports of goods or services, and inter-state supplies made by persons having the same Permanent Account Number (PAN). It is computed on an all-India basis.
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What does the term "aggregate turnover" mean under Section 2(6) of the CGST Act, 2017?a)The total turnover of all businesses registered under the same PANb)The total turnover of a registered person's business and personal incomec)The total turnover of all businesses within a specific stated)The total value of taxable supplies minus exempt suppliesCorrect answer is option 'A'. Can you explain this answer?
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What does the term "aggregate turnover" mean under Section 2(6) of the CGST Act, 2017?a)The total turnover of all businesses registered under the same PANb)The total turnover of a registered person's business and personal incomec)The total turnover of all businesses within a specific stated)The total value of taxable supplies minus exempt suppliesCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does the term "aggregate turnover" mean under Section 2(6) of the CGST Act, 2017?a)The total turnover of all businesses registered under the same PANb)The total turnover of a registered person's business and personal incomec)The total turnover of all businesses within a specific stated)The total value of taxable supplies minus exempt suppliesCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does the term "aggregate turnover" mean under Section 2(6) of the CGST Act, 2017?a)The total turnover of all businesses registered under the same PANb)The total turnover of a registered person's business and personal incomec)The total turnover of all businesses within a specific stated)The total value of taxable supplies minus exempt suppliesCorrect answer is option 'A'. Can you explain this answer?.
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