A doctor provides this professional service in a hospital. such hospital provides details of his earnings after 11th of subsequent month. Further the doctor is earning monthly remuneration as partner in another firm. Also the doctor has various FD's maturity wherein many are for longer period than 12 months also there RD's maturity do not coincide with year end March. And the doctor has let out his 3 Commercial properties whereby earns monthly rent and pays GST on the same.
Query: For submitting monthly GSTR-1 and GST annual return how aggregate turnover be shown considering different services and earning though are exempt but per month calculation how can we made ?
Doctor's GST turnover calculation includes hospital services, FD interest, rental income but excludes partnership remuneration under Section 2(6) (6) A doctor seeks guidance on calculating aggregate turnover for GST returns given multiple income sources: professional services at a hospital, partnership remuneration, fixed deposit interest, and commercial property rental income. Legal experts clarify that aggregate turnover under Section 2(6) of CGST Act includes all taxable, exempt, and export supplies. Hospital services are GST-exempt but included in turnover calculation. Partnership remuneration isn't considered supply as partners and partnerships are treated as single entities. Fixed deposit interest is exempt but counts toward turnover. Commercial property rental attracts 18% GST as taxable supply. Experts recommend cash-basis accounting for clarity and proper declaration of exempt/nil-rated supplies in GSTR-1 and GSTR-3B returns. (AI Summary)
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