GST turnover related query
Ajnas (Student) (844 Points)
24 August 2020
Interest on income tax refund is included in aggregate turnover calculation?
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 24 August 2020
No ,
Confirm with others also .
Chahat Bansal
(226 Points)
Replied 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.
However if you have received any interest on any kind of deposit with bank then it will be included in aggregate turnover.
Taha
(T)
(405 Points)
Replied 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
Recent Topics
- Account type error
- I am 35 What to do
- GSTR-3B Sales & Tax Liability Correction
- Full Exemption on Capital gain
- CRedit Note to suspended GSTN
- ITR 2 utility error
- GST Registration for Postal Agent
- COMMUNICATION ON GST PORTAL BETWEEN DEALER
- ERROR IN ITR 3 and ITR 2
- Error in jason file itr 3 pls guide
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
