This discussion clarifies whether a private trust earning only Fixed Deposit (FD) interest, exceeding the GST registration threshold, requires GST registration. The consensus is that FD interest falls outside the purview of GST, meaning no GST registration is necessary for such income.
13 October 2020
If a private trust is earning FD interest, which is its only income, which is more than the threshold limit for GST registration then is it liable to get registered under GST?