GST 20 lakhs limit includes FDR interest or not

It's TO exceed. And FD interest not covered under Aggregate Turnover for calculation of turnover.

It's applicable on Value of Goods or Services you made supply.

In FDR you receive service from Banks or Post Office.

clarification is better

As per sectiion 2 CGST Act

[6] "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;

And As per Notification 12/2017 the Interest income is exempted supply in GST

hence as per the defination of Aggregate Turnover Exempted supply is included , so in your case he cross the threshold limit , registration is mandatory

Note : I assume the rental income is from commercial property

Wrong reply - Not consider my reply,

Pankaj Sir is correct with the clarification of Notification 12/2017-CT

What is the use of registration if GST is not payable on interest income?

For turnover exceeding 20 lakh you need to deposit tax. @ Sudarshan

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