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Swathi Krishna

Swathi Krishna

CA Inter

7K+

03-Aug-20 00:45

8

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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Answers (1)

sudha reddy

sudha reddy

Moderator

03-Aug-20 09:03

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