Aggregate Turnover
Also called: aggregate annual turnover
What is Aggregate Turnover?
Aggregate turnover is the all-India value of a business's taxable supplies, exempt supplies, exports and inter-state branch transfers, added together across every GST registration held on the same PAN, excluding the GST charged on those supplies.
Why it is bigger than the number you think of as sales
Most business owners think in terms of taxable sales from one shop. Aggregate turnover is wider on two counts: it adds in supplies that carry no tax, such as exempt and zero-rated sales, and it adds up every registration on the same PAN. A business with one GSTIN in Maharashtra and one in Gujarat tests its thresholds on the combined figure, not on either state separately.
What it decides
Registration, scheme eligibility and filing obligations are all keyed to it: whether you must register at all, whether the composition scheme is open to you, whether quarterly filing is available, and whether the annual return and the reconciliation statement apply. Each of those uses its own threshold, so the same turnover figure is tested against several different limits.
Where businesses get it wrong
Three recurring errors: leaving out exempt or nil-rated sales because no tax was charged on them, testing each GSTIN separately, and reading turnover off the profit and loss statement without adjusting for items that are supplies under GST but not revenue in the accounts, or the reverse. Branch transfers between states are the classic example — no profit, but turnover.
Frequently asked questions
Yes. Exempt supplies, nil-rated supplies and exports all count towards it, which is why a business that charges tax on only part of what it sells can still cross a threshold. What it excludes is the GST element itself and inward supplies taxed under reverse charge.