Aggregate Turnover
This query is : Resolved
Rakesh Sharma
(Querist)
15 October 2020
Dear Sir,
One of my friends (Director in Company) having below income :-
1) Interest Income : 10,20,520/-
2) Salary Income : 5,52,000/-
3) Rental Income : 4,50,000/-
4) FDR Interest : 20,252/-
Total : 20,42,770/-
Should he take GST Registration Number? Should we consider all above income to calculate
Aggregate Turnover.
Also, if we take GST Number what will be our taxable supple?
Please advise.
Rakesh Sharma
One of my friends (Director in Company) having below income :-
1) Interest Income : 10,20,520/-
2) Salary Income : 5,52,000/-
3) Rental Income : 4,50,000/-
4) FDR Interest : 20,252/-
Total : 20,42,770/-
Should he take GST Registration Number? Should we consider all above income to calculate
Aggregate Turnover.
Also, if we take GST Number what will be our taxable supple?
Please advise.
Rakesh Sharma
Lekhraj sood
(Expert)
15 October 2020
No, he will not be liable to be registered under GST because salary is not included in Aggregate turnover and for other incomes except rent, he is not in the business.
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