What is Annual Aggregate Turnover? Annual Aggregate Turnover (AATO) is an important element of GST. It refers to the "total annual revenue" of a single legal business that may be registered in many states. According to Section 2(6) of the CGST Act, 2017, aggregate turnover is defined as the total value of "all taxable supplies" (excluding the value of inward supplies on which a person pays tax on a reverse-charge basis), exempt supplies, exports of goods or services or both, and interstate supplies of persons with the same Permanent Account Number, computed on an all-India basis but excluding the central tax, state tax, union territory tax, integrated tax, and cuss.
What is Annual Aggregate Turnover under GST?
What is Annual Aggregate Turnover under GST?
What is Annual Aggregate Turnover under GST?
What is Annual Aggregate Turnover? Annual Aggregate Turnover (AATO) is an important element of GST. It refers to the "total annual revenue" of a single legal business that may be registered in many states. According to Section 2(6) of the CGST Act, 2017, aggregate turnover is defined as the total value of "all taxable supplies" (excluding the value of inward supplies on which a person pays tax on a reverse-charge basis), exempt supplies, exports of goods or services or both, and interstate supplies of persons with the same Permanent Account Number, computed on an all-India basis but excluding the central tax, state tax, union territory tax, integrated tax, and cuss.