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Registration

Registration 224 views 3 replies

subham barolia

student

36 Points Joined November 2012

Is interest income to be considered while calculating aggregate turnover for GST registration.

Replies (3)

naveen d

32 Points Joined January 2019

Yes, Aggregate turnover include all types of supply including taxable, exempt, non taxable, zero rated supply
but for calculation of ATO under composition scheme registration it is not included.

subham barolia

student

36 Points Joined November 2012

Thank you

CA Naveen Chand

Chartered Accountant

12739 Points Joined December 2016

AGREED with naveen d !

As per Order No. 1/2017 dated 13.10.2017 Interest Received shall not be taken into account while calculating Aggregate T/O in order to determine eligibility for composition scheme .