Revised Threshold limit and Aggregate Turnover

Posted on 11 June 2022 Category : GST terms difference

How to differentiate Aggregate Turnover with Revised Threshold limit?

What is Aggregate Turnover? How does Revised Threshold limit work under GST regime? What are the difference between Aggregate Turnover and Revised Threshold limit?

Under GST system, the following information explains about Aggregate Turnover and Revised Threshold limit.

As per GST terms, Aggregate Turnover 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. Revised Threshold limit means limit which allows the person to do business without obtaining registration under GST.

The details about Aggregate Turnover and Revised Threshold limit with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Aggregate Turnover and Revised Threshold limit, so as to enable you to have a clear idea on these GST terms.

For your immediate reference, we give below web links on Aggregate Turnover and Revised Threshold limit separately below. You may kindly read the below links to know more about Revised Threshold limit and Aggregate Turnover.

Aggregate Turnover under GST

Revised Threshold limit under GST

The above information easily explains about Revised Threshold limit and Aggregate Turnover.

We hope, you have satisfied with the difference between Aggregate Turnover and Revised Threshold limit explained above. Do you have different thought on difference between Revised Threshold limit and Aggregate Turnover?

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