GSTR 9C form
bindu sweet (7 Points)
21 June 2019
Turnover to be reported in 9c should include non operating income like interest on FD??
bindu sweet (7 Points)
21 June 2019
Nandini H Gupta
(Chartered Accountant )
(369 Points)
Replied 21 June 2019
Interest income is exempt under section 12/2017.
Section 2(112) “turnover in State” or “turnover in Union territory” means the aggregate value of all taxable supplies....and exempt supplies
Section 35(5)Every registered person whose turnover during a financial year exceeds the prescribed limit shall get his accounts audited by a chartered accountant or a cost accountant.
Thus interest income is to be considered to determine turnover for 9C(audit)
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