Will Interest in partner capital be taken for turnover for taking GST registration.for example sales 1700000 interest in partner capital 400000 will he be liable to take registration
Hlo, In view with Gujarat Authority for Advance Ruling (AAR) recently passed a ruling for Shree Sawai Manoharlal Rethi, Aggregate turnover includes exempt supplies... So here interest received from partners capital will be included in calculation of aggregate turnover.. So you are liable for registration..
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