INTEREST AND DIVIDEND INCOME

No unless your business is to give loan and advances.

On inclusion of interest income in
aggregate turnover unnecessary burden is imposed on various assessees including senior citizens
who are at present not involved in carrying business and for that person complying the law is
very difficult. Hence, it is suggested that income earned without any business motive not be considered.

Further, there is no question of availing ITC on the same.

Yes , As per Definition of Aggregate Turnover in terms of section 2(6) of CGSt Act includes the Exempted .
And As per Section 23 of CGST Act person exclusively dealing in Exempted supply not required to obtain Registration even though his Threshold limit as prescribed in section 22 get Exceeds.

Now reversal is not be done because As per Explanation inserted u/s 17 (3) in term of amendment Act 31 of 2018 , effective on 1/2/2019 the value supply not be included for Reversal of ITC activities specified in Schedule III , EXCEPT CLAUSE 5.

Hence No reversal.