Whether interest income earned by the co-operative banks have to be included Aggregate turnover calulation for GST registration liability purpose.
As per the definition of Aggregate turnover, aggregate turnover includes exempted supply. Interest collected by co-operative banks is Nil Rated services as per HSN Code 9971.
Please provide clarification
I tried to search for the notification mentioned by you. I didn't find it. Can you please give correct notification details.
DEAR HEMANTH RANKA
SORRY ITS ORDER NO.01/2017 CENTRAL TAX DT. 13.10.2017 (F.NO.354/173/2017-TRU)
Thank you for the information sir.
YOU ARE ALWAYS WELCOME ...
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