Calculation of GST on aggregate turnover

[YUWRAJ KOTHARI]

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 ?

AI Summary

Aggregate turnover must include exempt supplies, interest and rent, affecting GST return reporting and reconciliation.
Aggregate turnover is the all India aggregate value of taxable supplies, exempt supplies, exports and inter State supplies (excluding central/State/UT/IT/cess). Taxpayers must include professional fees, interest income and rental receipts in aggregate turnover; exempt and nil rated supplies should be reported in GSTR 1 and in the exempt/non taxable fields of GSTR 3B and reconciled in the annual return. Adopting cash basis accounting allows reporting receipts when received (eg, hospital fees credited later, interest on FD maturity), while mercantile accounting records accruals. Remuneration from a partnership to a partner is not a supply between distinct persons for GST.