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 12:00AM