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-

[Pradeep Singhi]

Whether the Turnover of these items are to be included in the GSTR-9 Form?

Income-Dividend income-Agricultural Income-Residential rent- Transactions 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-Income from Capital Gains.

AI Summary

GSTR-9 classification: determining whether various non-operational receipts count as taxable turnover or are excluded in annual GST reporting. The document poses a classification query for GSTR-9: whether various receipts-interest income, dividend income, agricultural income, residential rent, transactions in securities, sale of assets, sale of livestock, interest on income-tax refunds, LIC refunds, income-tax refund income, salary/partner's remuneration, profit from other entities, and capital gains-are to be treated as exempt, non-GST, nil-rated, or excluded from the annual return, and whether they form part of turnover for disclosure.