I have Two Type of Income 1. Transport Income ( On Which Tax Paid by Recipient) 2. Rent Income My Transport income +Rent income is more than 20 Lakh Out of that Rent income is only 6 Lakh & Other is Transport income ( on which tax paid by Recipient ) My question is can i take registration under GST??? if yes than why & if no than why Kindly guide ASAP with proper Section .
09 March 2021
Yes, as your aggregate turnover crossed 20lakh. Section 2(6) r.w. explanation i to section 22 "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.
CAclubindia
