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Aggregate turnover

Indirect Taxation

Why is the interest on loans & advances not included in the value of the exempt supplies while calculating the aggregate turnover

Swathi Krishna

CA Final

★ 8K+

03-Aug-20 00:45

317

Answers (1)

Interest income is considered for Registration purposes but not for Composition Scheme with respect to Aggregate Turnover.

Sudha Reddy

CA Final

★ 20K+

03-Aug-20 09:03

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