Section 2(112) - Definition of "turnover in State” or “turnover in Union territory" under CGST Act

2(112).1 Meaning of “turnover in State/ Union territory”

Section 2(112)

“turnover in State/UT means

Aggregate value of all

taxable supplies and exempt supplies made within a State/UT,

exports and inter-State supplies of goods or services or both made from the State/UT by the said taxable person

 

Turnover excludes

central tax, State tax, Union territory tax, integrated tax and cess;

Inward supplies on which tax is payable under RCM)

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