I have Two Type of Income 1. Transport Income ( On Which Tax Paid by Recipient) 2. Rent Income My Transport income +Rent income is more than 20 Lakh Out of that Rent income is only 6 Lakh & Other is Transport income ( on which tax paid by Recipient ) My question is can i take registration under GST??? if yes than why & if no than why Kindly guide ASAP with proper Section .
09 March 2021
Yes, as your aggregate turnover crossed 20lakh. Section 2(6) r.w. explanation i to section 22 "aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess.