Bifurcation of Few Items in Annual Return

[Pradeep Singhi]

In GSTR-9 (Annual Return), how shall we treat the following items? (Exempt/Non GST/ Nil Rated/ Not to be shown at all)

Interest Income-

Dividend income-

Agricultural Income-

Residential rent-

Transaction in securities-

Sale of Assets-

Sale of Livestock-

Interest on IT Refund-

Lic Refund-

IT Tax Refund Income-

Salary/Partner’s Remuneration-

Profit from other entities-

AI Summary

Clarification Sought on Including Various Incomes in GSTR-9: Exempt, Non-GST, Nil-Rated, or Excluded? A discussion on the treatment of various income items in the GSTR-9 (Annual Return) under Goods and Services Tax (GST) was initiated. The query focused on whether items like interest income, dividend income, agricultural income, residential rent, transactions in securities, sale of assets and livestock, interest on IT refund, LIC refund, IT tax refund income, salary/partner's remuneration, and profit from other entities should be considered exempt, non-GST, nil-rated, or not shown at all. A response was provided questioning if the turnover from these items should be included in the GSTR-9 form.