Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;
Adjusted Total turnover means the turnover in a State or a Union territory, as defined under clause (112) of section 2, excluding –
Adjusted Total turnover means the sum total of the value of-
Examples of Adjusted Total turnover in a sentence
One illustrative case is given below:⮚ The assessee, M/s Rashi Granite Exports India Limited/ 29AABCR9305B1ZK while claiming the Refund for the period January 2018, had declared the turnover of zero rated supply and Adjusted Total turnover of the same amount of ` 87.65 lakh with Net ITC of ` 2.03 crore and claimed refund of ` 33.87 lakh and same was allowed.
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The instances for the same shall principally cover such cases where there is difference in taxable turnover in GST Returns and the Adjusted Total turnover.
More Definitions of Adjusted Total turnover
Adjusted Total turnover means the total turnover of the business as reduced by the export turnover in respect of trading goods;
Adjusted Total turnover means the sum total of the value of-(a) the turnover in a State or a Union territory, as defined under clause (112) of section 2, excluding the turnover of services; and(b) the turnover of zero-rated supply of services determined in terms of clause (D) above and non-zero-rated supply of services, excluding-
Adjusted Total turnover means the turnover in a State or a Union territory, as defined under clause
Adjusted Total turnover means the turnover in a State or a Union territory, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period.
Adjusted Total turnover means the sum total of the value of the turnover excluding the value of exempt supplies other than zero-rated supplies.
Adjusted Total turnover means the value of turnover in a State, as defined under sub- section (104) of section 2, excluding the value of exempt supplies, during the relevant period;
Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies and the turnover of supplies in respect of which refund is claimed under sub rules (4A) or (4B) or both, if any, during the relevant period;