I read that sale of shares will not form part of aggregate turnover as it is neither goods not services.
But , as aggregate turnover includes non gst SUPPLIES why shouldn't it be added?
Yes, Non GST Supplies(i.e Non taxable Supply) is included in calculation of Aggregate turnover, but Share and Securities should not be added because it has to be "Supply" to be added in aggregate turnover. and as per the definition of Supply,..Supply included all goods and Services...
Shares and Securities are neither treated as Goods [ 2(52) ] nor Services [ 2(102) ] under GST Act.
So, it's excluded from Aggregate turnover.
CAclubindia
