Interest income
This query is : Resolved
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
Please guide
Dhirendra
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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