banner_ad

Aggregate turnover under gst

Others 243 views 5 replies

I wants to know about what is the aggregate turnover in the following case.

Mr. A is an individual his is getting the income by below mentioned source.

1. income from House property Rs.60,00,000/-

2. income from Restaurant Business Income Rs.30,00,000/-

turnover means only business income or any heads of income taxable under GST ?

in this above case weather his turnover is 30 lakhs or 90 lakhs ?

this quation is arrside becouse Mr. A wants to get composition scheme for his restureant business.

Replies (5)
there is no concept of head of income in gst......and you should first understand the difference between income and turnover.....gst is not charged on income but on turnover....assuming what you mentioned is turnover and not income, whole 90 lakh will be the aggregate turnover for the purpose of cgst act.
Thanks now got understood.
Thanks now got understood.

Further, it is assumed that:

1.  Rent received is in relation to business and not for residential purposes.

2.  Turnover under both the heads is of same person under same PAN and not of different family members.

 

Mr. Agrawal Ji, with due respect I beg to differ with your first assumption on the following counts-
1. Renting of immovable property is taxable supply of service under item 5(a) of schedule 2.
2. I don't know whether residential use of rented property will be exempted or not but even if it got exempted, since aggregate turnover is different from taxable turnover, hence in the above case aggregate turnover will still be 90 lakh whether or not the rented property is used for residential purposes.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details