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Is interest income to be considered while calculating aggregate turnover for GST registration.
Replies (3)
Quick Summary
Yes, Aggregate turnover include all types of supply including taxable, exempt, non taxable, zero rated supply
but for calculation of ATO under composition scheme registration it is not included.
but for calculation of ATO under composition scheme registration it is not included.
Thank you
AGREED with naveen d !
As per Order No. 1/2017 dated 13.10.2017 Interest Received shall not be taken into account while calculating Aggregate T/O in order to determine eligibility for composition scheme .
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