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Interest income

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(Querist)
02 May 2019 Whether should I consider interest income while calculating basis exemption amount in "Aggregate Turnover " for the purpose of GST registration ,e.g. I have 12 lakhs as Rent income from commercial property and 15 lakhs as bank interest.
Please guide

Dhirendra
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 May 2019 Interest income is outside the purview of GST, need not be considered while calculating basic exemption amount in "Aggregate Turnover " for the purpose of GST registration.
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