Will Interest in partner capital be taken for turnover for taking GST registration.for example sales 1700000
interest in partner capital 400000
will he be liable to take registration
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GST registration
Replies (1)
Hlo, In view with Gujarat Authority for Advance Ruling (AAR) recently passed a ruling for Shree Sawai Manoharlal Rethi, Aggregate turnover includes exempt supplies...
So here interest received from partners capital will be included in calculation of aggregate turnover..
So you are liable for registration..
So here interest received from partners capital will be included in calculation of aggregate turnover..
So you are liable for registration..
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