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Aggregate turnover

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

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Swathi Krishna

Swathi Krishna

CA Inter

8K+

03-Aug-20

76

Answers (1)

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


sudha reddy

sudha reddy

Moderator

03-Aug-20

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