'Aggregate Turnover' doesn't include reverse charged inward supplies, GST element, explains CBEC

​CBEC explains ‘aggregate turnover’ as defined in GST law, says it is a crucial parameter for deciding the eligibility of supplier to avail benefit of exemption threshold and for determining the threshold limit for composition levy; Inward supplies on which the recipient is required to pay tax under Reverse Charge Mechanism (RCM) do not form part of the ‘aggregate turnover’, however the value of such supplies would continue to be part of supplier’s ‘aggrega...