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Aggregate turnover

Indirect Taxation

Sir, Should we consider interest income from fixed deposit while calculating Aggregate turnover? If so, on whose aggregate turnover it should be considered? On recipient's or on bankers point of view? Please give explanation regarding this sir.


Jayamani Janarthanan

Jayamani Janarthanan

Qualified CA

3K+

11-Mar-20 13:12

434

Answers (2)

Aggregate turnover includes exempt supplies also. Recipient because recipient has earned income. As per exemption list, it is exempt.


Sriram Somayajula

Sriram Somayajula

Admin

13-Mar-20 18:39

Thank u sir


Thread Starter

Jayamani Janarthanan

Jayamani Janarthanan

Qualified CA

3K+

13-Mar-20 18:53

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