Is Dividend Income a Part of Turnover
SIDDHANT AGARWAL (20 Points)
13 February 2021SIDDHANT AGARWAL (20 Points)
13 February 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3549 Points)
Replied 13 February 2021
No. It is not a part of turnover. Turnover is the total sales made by a business in a certain period. It's sometimes referred to as ‘gross revenue’ or ‘income’.
sabyasachi mukherjee
(27211 Points)
Replied 13 February 2021
CA Altamush Zafar
(GST Consultant)
(15961 Points)
Replied 13 February 2021
Dividend is not an outward supply therefore it is not included in turnover under GST.
CA Altamush Zafar
(GST Consultant)
(15961 Points)
Replied 13 February 2021
@ sabyasachi Mukherjee the query was under GST category
One replied related to accounting and other replied related to income tax
Judge the relevancy
Online Query
(CA Final Student)
(120 Points)
Replied 18 February 2021
sabyasachi mukherjee
(27211 Points)
Replied 18 February 2021
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)