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GST - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Computation of aggregate turnover for the purpose of GST ...

GST

May 9, 2020

Computation of aggregate turnover for the purpose of GST registration - Interest income, though exempted, are to be included in the aggregate turnover - Partner’s salary, received as partner, from applicant’s partnership firm is not to be included - Salary received as non-executive Director from a Private Limited Company is to be included even if GST is paid on RCM by the company - Maturity amount of LIC, dividend on shares etc. not to be included.

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