banner_ad

GST - Aggregate Turnover

IPCC 210 views 2 replies
Sir/Mam,
Does Interest received on fixed deposit added for calculating Aggregate turnover?
If so, on whose aggregate turnover it should be added? In the turnover of bank or recipient?
However interest payment is exempt supply for banking companies, then why should it be added to recipient?
Replies (2)
No... It's not including in the aggregate turn over.
It will we concider in ATO as defination it self says all supply of good and services or both
it includes exempt supply even go further it includes non taxable supply also
Only it does not includea is Sch III transaction
it added in cutomer ATO and
if he is composite supply then it will be not added in Turnover concept


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details