Earlier Ask , But not get statisfactory reply

Page no : 2

Divakar (Student CA Final ) (11857 Points)
Replied 02 March 2018

Now ur query is resolved na pankaj sir?? 😀😀😀

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Aashish Sachdeva (839 Points)
Replied 02 March 2018

I surrender i read the section no. 2(6) and section 22 and section 23. definition of exempted supply.etc etc.......

But fir bhi i am no satisfied. thank you.........

I will remind your suggestions sir.......

Divakar (Student CA Final ) (11857 Points)
Replied 02 March 2018

Then go with FAQ and illustrations.... Aggregate turnover excluding only inward supply which is liable to reverse charge and cgst sgst and igst.... It includes taxable, exempted, nil rated all form of supply..

Aashish Sachdeva (839 Points)
Replied 02 March 2018

any one have filled GSTR-1????

Divakar (Student CA Final ) (11857 Points)
Replied 02 March 2018

Ya tell... What happened

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Aashish Sachdeva (839 Points)
Replied 02 March 2018

i want to know where to show the interest income and residential income in GSTR-1 ...
PLEASE SPECIFY THE COLOMN NUMBER......

Divakar (Student CA Final ) (11857 Points)
Replied 02 March 2018

In column no 8 nil and exempted supply

jeyaventhar r (2 Points)
Replied 02 March 2018

No Need...
your business turn over only Rs.5L.
FDR Interest & residential income under indirect income. so, No Need...

Divakar (Student CA Final ) (11857 Points)
Replied 02 March 2018

@ jeyaventhar...this is only for for direct tax purposes and not for IDT... Suppose he is doing business of any goods along with he have one commercial property rented also... In that case his rental income also included in taxable turnover na... Although renting of property is not his business... So don't mix up

Divakar (Student CA Final ) (11857 Points)
Replied 02 March 2018

In GST they will talk about aggregate turnover and not business turnover

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Aashish Sachdeva (839 Points)
Replied 02 March 2018

ok divakar sir thank you ... one more question kya ye supply Mr. Pankaj Rawat Sir kar rahe hai... kya ye unki outward supply hai ya inward...

Aashish Sachdeva (839 Points)
Replied 02 March 2018

like interest income ...

Divakar (Student CA Final ) (11857 Points)
Replied 02 March 2018

Outward supply hai... Inward supply means jo ham purchase kar rahe or services received kar rahe

Divakar (Student CA Final ) (11857 Points)
Replied 02 March 2018

Imterest earned of FD is exempt supply.... Giving loan or fD is supply of service

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Yog Raj (Accountant) (155 Points)
Replied 04 March 2018

I think interest income on FD is not a supply of goods or services. It should be exculded from turnover. Accordingly total turnover is less than limit. Hence no need to register under GST.