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Turnover in a State – Sec 2(112)

Turnover in a State – Sec 2(112)

Turnover in a State means:

  • Aggregate value of:
  • All taxable supplies, exempt supplies, export of goods and / or services made within a state by a taxable person; and
  • All inter-state supplies of goods and / or services made from the state by the said taxable person;
  • Exclusive of CGST, SGST, UTGST or IGST and cess.

Explanation: Aggregate turnover does not include value of inward supplies on which tax is payable on reverse charge basis.

  • The expression ‘turnover in State’ (or UT,) is a replica of the expression ‘aggregate turnover’, but for the fact that ‘turnover in State’ is restricted to the turnover of a taxable person in a State, as opposed to aggregate turnover of all taxable persons having the same PAN, on all India basis.
  • The turnover of state is used in the following contexts under GST Law:
  • Payment of tax under composition scheme
  • Distribution of input tax credit by an ISD
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