According to GST law, Every Person is required to get registration under GST law if Turnover of its business exceeds Rs. 20 Lakh (in some specified states it is Rs. 10 Lakh). The meaning of Turnover is expressly defined by GST law under Section 2 as follow: Aggregate Turnover shall include all taxable supplies, exempt … Continue reading “Meaning of Aggregate Turnover under GST Law”

Last month the Central Board of Excise and Customs (CBEC) started Goods and Services Tax (GST) refunds for exporters who have paid Integrated GST (IGST) and have claimed refund based on shipping bill by filling up Table 6A. Earlier this month, it allowed businesses making zero-rated supplies or those who have paid IGST on exports … Continue reading “10,000 Applications filed for GST Refunds by Exporters”