Example
ABC Ltd has the following details for the financial year 2017-18. Determine whether required registration under GST.
| S.No. | Particulars | Amount (Rs) |
| 1 | Taxable supplies | 800000 |
| 2 | Exempt supplies | 650000 |
| 3 | Inward supply on which tax paid under Reverse charge | 300000 |
| 4 | Tax paid (CGST/SGST/IGST) | 200000 |
| 5 | Supply of person having same PAN | 900000 |
Answer
As per definition under GST 'aggregate turnover' according to section 2(6) means
the 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;
According to the above provision Aggregate turnover as follows:-
Calculation of Aggregate turnover for the purpose of registration
| S.No. | Particulars | Amount (Rs) |
| 1 | Taxable supplies | 800000 |
| 2 | Exempt supplies | 650000 |
| 3 | Inward supply on which tax paid under Reverse charge | N/A |
| 4 | Tax paid (CGST/SGST/IGST) | N/A |
| 5 | Supply of person having same PAN (their Branch) | 900000 |
| Total Aggregate turnover | 23,50,000 |
The aggregate turnover of ABC Ltd is more than Rs 20 lakh i.e. 23,50,000. Therefore ABC Ltd. is required to take registration under GST.