15 October 2020
Dear Sir, One of my friends (Director in Company) having below income :- 1) Interest Income : 10,20,520/- 2) Salary Income : 5,52,000/- 3) Rental Income : 4,50,000/- 4) FDR Interest : 20,252/-
Total : 20,42,770/-
Should he take GST Registration Number? Should we consider all above income to calculate Aggregate Turnover.
Also, if we take GST Number what will be our taxable supple?
15 October 2020
No, he will not be liable to be registered under GST because salary is not included in Aggregate turnover and for other incomes except rent, he is not in the business.
CAclubindia
