I have question as for my knowledge.
Lets say if a registered trader makes following
1. Taxable Supply 2 lakh a year
2. Interest from Bank FD 1 Lakh a year
3. Mutual Fund Profit 1 Lakh a year.
So Does he have to pay GST on 4 lakh or 2 Lakh?
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GST on aggregate or not?
Replies (2)
Does he have to pay GST on 4 lakh or 2 Lakh?
1. Taxable Supply 2 lakh a year
1. Taxable Supply 2 lakh a year
Agreed with Raja PM it's 2 lakh.
Interest from Deposit is exempted in GST and mutual fund is not GST supply.
Interest from Deposit is exempted in GST and mutual fund is not GST supply.
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