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Aggregate turnover for threshold purposes per Sec 2(6) INCLUDES:
AOnly intra-State supplies
BOnly taxable supplies
CValue of all taxable, exempt and exports supplies and inter-State supplies of persons having the same PAN, on all-India basis, excluding GST taxes and inward RCM
DOnly outward supplies in the State
Answer & Solution
Correct answer: C. Value of all taxable, exempt and exports supplies and inter-State supplies of persons having the same PAN, on all-India basis, excluding GST taxes and inward RCM
1. Sec 2(6) — 'aggregate turnover' = all taxable supplies + exempt supplies + exports + inter-State supplies of persons having the SAME PAN, computed on ALL-INDIA basis.
2. EXCLUDES: CGST/SGST/UTGST/IGST/Compensation Cess; and inward supplies on which RCM tax is paid (so RCM inward purchases don't count toward your AT).
3. Reverse-charge OUTWARD supplies (where you are the supplier) ARE included.
_Source: ICAI BoS CA Final Paper 8, Ch 7 "Registration", §Sec 2(6)_
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