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Is Dividend Income a Part of Turnover
Is dividend income a part of turnover ? If not then please explain why
Replies (8)
Quick Summary
No. It is not a part of turnover. Turnover is the total sales made by a business in a certain period. It's sometimes referred to as ‘gross revenue’ or ‘income’.
Dividend is clubbed under 'Income from other sources'
Dividend is not an outward supply therefore it is not included in turnover under GST.
Irrelevant reply.
@ sabyasachi Mukherjee the query was under GST category
One replied related to accounting and other replied related to income tax
Judge the relevancy
Dividend is not a part of total income because this is income from investment not from operating activities, so total turnover only cover on which our business is operated i.e. main activities of business.
but exception is there to reverse the ITC
but exception is there to reverse the ITC
Zafar
pls do not reply to irrelevant queries.
dividend under any circumstances cannot form part of turnover.
pls do not reply to irrelevant queries.
dividend under any circumstances cannot form part of turnover.
Not a part of turnover
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