Calculate Aggregate Turnover of Mr. Hemant based on the following details given by him.

Steps to Solve

1. Identify Eligible Inclusions for Turnover To calculate the aggregate turnover, consider the items that contribute to it as per GST regulations. The relevant items are:

• Inter – state supplies
• Taxable supplies (exclusive of GST)
• Export of goods
• Export of services

2. Exclude Non-eligible Items Do not include exempt supplies, inward supplies on which tax is payable under reverse charge, and purchase goods since they do not count towards gross turnover.

3. Calculate Total Aggregate Turnover Add the eligible amounts:

• Inter – state supplies: $8,40,000$

• Taxable supplies (excluding GST): To find this, first determine the taxable amount from the provided inclusive amount at 28%. This is done using the formula:

  $$ \text{Taxable supplies} = \frac{\text{Total inclusive amount}}{1 + \text{GST rate}} $$

  Thus,

  $$ \text{Taxable supplies} = \frac{8,96,000}{1 + 0.28} = \frac{8,96,000}{1.28} = 7,00,000 $$

• Export of goods: $1,06,000$

• Export of services: $4,27,000$

Now, sum these amounts:

$$ \text{Aggregate Turnover} = 8,40,000 + 7,00,000 + 1,06,000 + 4,27,000 $$

4. Final Calculation Calculating the sum:

$$ \text{Aggregate Turnover} = 8,40,000 + 7,00,000 + 1,06,000 + 4,27,000 = 20,73,000 $$