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?
Menu
GST on aggregate or not?
Replies (2)
Quick Summary
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.
Recent Topics :
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
Related Topics :
CAclubindia
