SCHEDULE I ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION
are such activities be included in aggregate turnover ?
Dear Priya,
In simple words (if you are talking about GST), if any activity is related to business transaction like 1 + 1 free, free sample or by any mean you have to outflow your goods and and turnover/sell is the only way even at zero pricing.
if you talking about income tax unless or until income generated you need not taken in books of accounts and here you are dealing without consideration. So, you need not to take in turnover in value terms.
Regards,
Naveen Singh
9716822331
CAclubindia
