Case Law Details
Case Name : In re Anil Kumar Agrawaal (GST AAR Karnataka)
Related Assessment Year :
Courts :
AAR Karnataka Advance Rulings
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In re Anil Kumar Agrawaal (GST AAR Karnataka)
The incomes received towards (i) salary/remuneration as a Non-Executive Director of a private limited company, (ii) renting of commercial property and (iii) renting of residential property and (iv) the values of amounts extended as deposits/loans/advances out of which interest is being received are to be included in the aggregate turnover, for GST registration.
The income received from renting of residential property is to be included in the aggregate turnover for GST registration, though it is an exempted supply.
Issues Involved:
1. Determining ...
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Author Bio
Cannot agree with the observation that (iv) the values of amounts extended as deposits/loans/advances out of which interest is being received are to be included in the aggregate turnover, for registration.
If so are there two considerations for the same service of extending deposits, viz: The principal amount itself and the interest there on?