Question ID :
31660
aggregate turnover
Whether remuneration and interest on capital received by a partner from the partnership firm is to be considered for arriving the aggregate turnover under GST.
Suppose a partner receives Rs 10 lakhs as remuneration, Rs.5 lakhs as interest from firm and Rs6 lakhs as rent from commercial property. Is he required to take registration under GST since the total receipts are exceeding Rs20 lakhs.
Posted by
CA. PATNALA SIVA PRASAD RAO
on
May 31, 2018
Filed Under
GST
Answer ID :
85263
Remuneration and interest is exempt. Hence regn not required
Posted by
SURAJ KUMAR CHOUDHARY on
Jan 04, 2024