Aggregate turnover is computed on all India basis for a person having same Permanent Account Number (PAN). It is sum of value of all outward supplies falling in the following four categories:
- Taxable supplies
- Exempt supplies
- Exports of goods or services or both
- Inter-state supplies.
- the value of inward supplies on which tax is payable by a person on reverse charge basis &
- taxes including cess paid under GST law.
- CBEC vide Order No. 01/2017-Central Tax dated 13th October, 2017 has clarified that a person supplying any exempt services including services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount, shall not be ineligible for the composition scheme. In computing his aggregate turnover in order to determine his eligibility for composition scheme, value of supply of the exempt services including services by way of extending deposits, loans or advances shall not be taken into account.
Source: CBIC Website