The e-invoice notification mentions ‘aggregate turnover in any preceding financial year since 2017-18’ regarding the turnover threshold. Considering GST was implemented since 1-7-2017, how to reckon ‘aggregate turnover for the FY 2017-18?

December 17, 2021

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The e-invoice notification mentions ‘aggregate turnover in any preceding financial year since 2017-18’ regarding the turnover threshold. Considering GST was implemented since 1-7-2017, how to reckon ‘aggregate turnover for the FY 2017-18?

‘Aggregate Turnover’ has to be calculated as per the definition under Section 2(6) of the CGST Act. Hence, for the Financial Year 2017-18, the ‘aggregate turnover has to be reckoned from 1-7-2017 till the end of FY.

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The e-invoice notification mentions ‘aggregate turnover in any preceding financial year since 2017-18’ regarding the turnover threshold. Considering GST was implemented since 1-7-2017, how to reckon ‘aggregate turnover for the FY 2017-18?

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The e-invoice notification mentions ‘aggregate turnover in any preceding financial year since 2017-18’ regarding the turnover threshold. Considering GST was implemented since 1-7-2017, how to reckon ‘aggregate turnover for the FY 2017-18?

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