Registration Needed

Page no : 2

PALASH SANGHI (b.com) (27 Points)
Replied 02 March 2018

nk k n kk k k. k. n no k not l l l n ok of nnn no nnn in okkk no no o

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 02 March 2018

Ashish sir
my taxable business income plus exempted income cross the threshold limit of 20 lac

RAJA P M ("Do the Right Thing...!!!") (127962 Points)
Replied 02 March 2018

Dear Pankaj., No need Registration under GST... Bcoz, GST not applicable for Interest on Your FDR and Also GST not applicable Residential Rent...

RAJA P M ("Do the Right Thing...!!!") (127962 Points)
Replied 02 March 2018

Dear Pankaj., No need Registration under GST... Bcoz, GST not applicable for Interest on Your FDR and Also GST not applicable Residential Rent...

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 02 March 2018

its fine sir, & iam also having taxable income of 5 lac (business income) & my aggregate income cross the threshold limit of 20 lac & as per sec 22(1) if aggreate income exceeds 20lac registration is compulsory, as per defination of aggregate income sec 2(6) say all taxable, exempted income

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Aashish Sachdeva (839 Points)
Replied 02 March 2018

pankaj Rawat Sir, there is no concept of income in GST, GST is taking about the exempt supply to other person whether register or not. Residential income is not your supply. as well as interest income is not your outward supply. we are not taking about income tax and its taxability.

This is my personal opinion, if anybody have different views then views are welcome. thanks. Disclaimer: it is not Professional Advice.

Aashish Sachdeva (839 Points)
Replied 02 March 2018

The law says that “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 an all-India basis but excludes Central tax, State tax, Union territory tax, Integrated tax and cess.