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Is Dividend Income a Part of Turnover

13 February 2021

Is dividend income a part of turnover ? If not then please explain why

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Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7366 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’.

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sabyasachi mukherjee (27723 Points)
Replied 13 February 2021

Dividend is clubbed under 'Income from other sources'

CA Altamush Zafar (GST Consultant) (15986 Points)
Replied 13 February 2021

Dividend is not an outward supply therefore it is not included in turnover under GST.

sabyasachi mukherjee (27723 Points)
Replied 13 February 2021

Irrelevant reply.

CA Altamush Zafar (GST Consultant) (15986 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

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Online Query (CA Final Student) (120 Points)
Replied 18 February 2021

Dividend is not a part of total income because this is income from investment not from operating activities, so total turnover only cover on which our business is operated i.e. main activities of business.
but exception is there to reverse the ITC