In my earlier question I have asked about audit limit under GST. The answer by CA Pulkit Sharma, mentions that if aggregate turnover exceeds 1 crore, then audit under GST is compulsory.
What is the definition of aggregate turnover under GST?
Whether its gross tunover or net turnover? Do we need to add the gst taxes collected from customer to the turnvoer and also do we need to add other incomes such as loading, transport charges mentioned in invoice?
(6) “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;
Aggregate turnover includes aggregate value of all taxable supplies, exempted supplies, exports, interstate supplies. It is to be noted that aggregate turnover does not include taxes charged under GST acts.
Example, If you have raised total invoices whether they are of local supplies, exports or interstate supplies amounting to Rs. 1 crore and tax charged on invoices amounts to 18 lakhs, in this case Aggregate turnover will be Rs. 1 crore.
This is taken from the article important definitions under GST.
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