Advance Ruling for type of income/revenue shall be considered for Aggregate Turnover for registration

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Last updated: 11 May 2020
Quick Summary
This Advance Ruling clarifies which income streams are considered for Aggregate Turnover for GST registration purposes. It confirms that income from renting commercial property, renting residential property (even if exempt), and amounts extended as deposits/loans (from which interest is received) must be included. Remuneration received as a Non-Executive Director is also includable.

Court :

Brief :
Income/Revenue from Interest received from different sources, Partner's salary, received as partner, Salary received as Director from a Pvt. Ltd. Company, Rental income on Commercial Property Residential Property, of income out of maturity proceeds of life insurance policies, dividend on shares and capital gain/loss on sale of shares , which all revenue income shall be considered for Aggregate Turnover for registration? Out of given nature of income / revenue, when the supply, even if exempted, need to be considered?

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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Kusum Gandhi

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