07 December 2019
One Assessee is having rental income of Rs.12,00,000 per year and he is also getting remuneration of Rs.12,00,000 from partnership firm, there by the total income is Rs.24,00,000 - is he liable for payment of GST? please clarify
07 December 2019
Remuneration from partnership firm is not in nature of services and not liable to tax
The remuneration received from the partnership firm does not qualify as supply itself. Therefore, it is not required to be include for aggregate turnover.
CAclubindia
