GST turnover related query

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Student
844 Points Posted on 24 August 2020
Interest on income tax refund is included in aggregate turnover calculation?
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On 24 August 2020 at 06:54 Report
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Quick Summary
This discussion clarifies whether interest received on an income tax refund should be included in your GST aggregate turnover calculation. The consensus is no, as it's generally not considered part of taxable turnover under the CGST Act. However, interest earned from bank deposits or other sources typically is included.

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GST Practitioner & Accounts
15146 Points Posted on 24 August 2020

No , 

Confirm with  others also . 

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On 24 August 2020 at 07:37
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226 Points Posted on 24 August 2020
No interest on IT refund is not included in turnover as per sec 2(6) of CGST act, 2017.
However if you have received any interest on any kind of deposit with bank then it will be included in aggregate turnover.
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On 24 August 2020 at 10:02
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T
405 Points Posted on 24 August 2020
As per gujrat aar interest on ppf saving banks is included in ATO but interest on income tax refund is not taxable confirm with others
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On 24 August 2020 at 10:28

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