Question ID : 29606

Aggragate Turnover

1) Person draws a salary of 20L and lets a commercial property for Rs 1.5L and also have a Agriculture income of 5L. What is his TO? Liable for GST registration? 2) For a Individual can the TO on personal investments can be set aside and TO only for Business can be considered?

Answer ID : 65575

salary doesnot form part of turnover and GST registration not required.

Answer ID : 65579

Vinay Ji, Thanks for your reply. Please elaborate with relevant portion of Law. My analysis is Aggragate TO is supplies including Exempted supplies. By Def Exempted supplies included non taxable supplies. Non taxable supply definition covers Schedule III items, hence salary should be included in TO

Answer ID : 65585

Salary doesnot come under the word supply hence it need not be considered.

Answer ID : 65598

Schedule III of the CGST Act contain the list of activities or transactions which shall be treated neither as supply of goods nor supply of services. Item no. 1 of the above mentioned that services of an employee to an employer in the course of or in relation to his employment is not a supply of service and hence salary of Rs. 20L will be not added in the aggregate TO. However, agriculture income shall be part of ATO. You can refer section 7 of the CGST Act.

Answer ID : 65618

Transactions specified in Schedule III which are treated as neither a supply of goods nor a supply of services, would also not qualify as non-taxable supplies. So salary not to be included in ATO

Answer ID : 68702

- Salary will not be counted - Commercial property rent will be counted - Agriculture income is irrelevant, rather proceeds of agriculture is relevant - return on personal investment is irrelevant (not a goods or services) Relevant provisions, 2(6), 2(7), 2(52), 2(102), 7, 2(17), Sch. II - Entry No. 5

Answer ID : 68758

Salary not to be included as it is neither a supply of good nor a supply of service.

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