Aggregate Turnover

[Prem Gomathy]

Dear Sir,

Charitable trust registered u/s 12A of the IT Act, receives donations. Due to donations, the total of the Income and Expenditure a/c exceeds 5cr.

Other than the donations, the (taxable supply + exempt supply) comes only to ₹ 30L.

In such case is filing GSTR-9/9C mandatory by taking donations as part of aggregate turnover? As donations are just in the nature of gift or financial transaction, cant they be excluded from the ambit of Aggregate turnover?

AI Summary

Charitable Trust Donations Under Section 12A Not Part of Aggregate Turnover for GST Filings Per Section 2(6) A discussion on a forum addressed whether donations received by a charitable trust, registered under section 12A of the Income Tax Act, should be included in the aggregate turnover for Goods and Services Tax (GST) filings. The initial query questioned if donations, which caused the income to exceed 5 crore, should be included in the aggregate turnover for mandatory GSTR-9/9C filing. Participants concluded that donations do not qualify as taxable supplies or fall under the definition of aggregate turnover as per section 2(6) of the GST Act, and therefore, should not be included.