How to differentiate Taxable Turnover with Taxable supply?
Difference between Taxable supply and Taxable Turnover under GST terms
What is Taxable Turnover? How does Taxable supply work under GST regime? What are the difference between Taxable Turnover and Taxable supply?
Under GST system, the following information explains about Taxable Turnover and Taxable supply.
As per GST terms, Taxable Turnover” means the Taxable 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 cessand. “Taxable supply” means a supply of goods or services or both which is leviable to tax under Central Goods and Service Tax Act, 2017.
The details about Taxable Turnover and Taxable supply with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Taxable Turnover and Taxable supply, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Taxable Turnover and Taxable supply separately below. You may kindly read the below links to know more about Taxable supply and Taxable Turnover.
Term Taxable Turnover under GST
What is Taxable supply under GST
The above information easily explains about Taxable supply and Taxable Turnover.
We hope, you have satisfied with the difference between Taxable Turnover and Taxable supply explained above. Do you have different thought on difference between Taxable supply and Taxable Turnover?
Share below your thoughts about Taxable Turnover and Taxable supply
Learn Exports Imports Free, Click here
Click here to know GST rate of your goods or service
What are the risks and solutions in Export Business?
Click here to know India Trade Classification(ITC)
Difference between MAWB and HAWB
Printing machine error with customs - Un able to hand over documents to carrier.
How can a Freight forwarder provide airfreight rates better than airlines
What happens, once Bill of Entry for Imports files?
Service Tax - Click here to read complete notification under Budget 2014
What is Bank post shipment credit to exporters?
Types of export containers
Documents required for Export from Denmark
Customs procedures for Denmark Export
Registration required to export from Denmark
Import Customs processes in Denmark
Import Registration and import Licence procedures in Denmark
How to Import to Taiwan?
How to import to India from Taiwan?
How to export from India to Taiwan?
Export documents required in Taiwan customs clearance
Export customs procedures in Taiwan
Registration procedures and formalities to obtain GSTIN
How many digits in GSTIN under Goods and Service Tax registration
Would multiple registration be allowed under Goods and Service Tax (GSTIN)?
Procedure for obtaining Registration number of GSTIN
Procedures to get GST Registration number for IT exempted proprietorship firms.
Process of application for registration under GST Act to obtain GSTIN
Different application Forms for registration under Goods and Service Tax Act (GSTIN)
Application for registration under GST Act to obtain GSTIN
Meaning of foreign diplomatic mission
Fast-moving consumer goods (FMCG) under GST
Meaning of term final return under GST
What is facilitation centre under GST
Meaning of term Electronic records under GST
Term e-PAOs under GST
Electronic liability register under GST
EHTP Means
Functions of e FPBs of Banks in GST tax payments
Meaning of E-FPB under GST