Rahul Prajapati
(Student)
(2282 Points)
Replied 30 April 2018
| Originally posted by : Pankaj Rawat | ||
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RAHUL JI KINDLY READ 1.SECTION 2(6) CGST, AGGREGATE TURNOVER DEFINATION (WHICH INCLUDES EXEMPTED SUPPLY) 2. KINDLY READ DEFINATION OF SERVICES SECTION 2(102) 3. KINDLY REFER NOTIFICATION 12/2017 CT (RATE) PLZ GO THROUH THE ABOVE U WILL GET IT WHAT EXACTLY IAM SAYING |
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Still as per my opinion
I am right in my way.
AJAY
(partner)
(23 Points)
Replied 29 August 2018
whether interest income is supply or not ? If it is covered under supply, same will be taken for calculating aggregate TO. it is important for those whoes TO is on threshold limit of Rs 20 lacs. By including interest received they may be liabile for REGN and other supply (except interest)become taxable.
pl confirm whether interest income is covered under supply or not. defination of goods excludes money. pl provide reason for your valuable reply
Arun mohanty
(orissa,bhubaneswar)
(2 Points)
Replied 15 January 2019
ARPIT
(student)
(62 Points)
Replied 13 July 2019
the main word is consideration is charge there is no consideration present here
Suresh Agrawal
(Tax Consultant)
(40 Points)
Replied 13 July 2019
"The definition of aggregate turnover includes exempt supplies (Interest on FD in this case)."
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