One of my friend having below income in f.y. 18-19 :- 1) Salary recd. - Rs. 12,56,560/- 2) Commission recd. - Rs. 1,12,500/- 3) Interest recd. on Unsecured Loans - Rs. 8,42,400/- --------------------- Total : Rs. 22,11,460/- --------------------- 1) Whether he require to take GST Registration? 2) Whether he issue any invoice for commission & interest. 3) While calculating aggregate turnover should he add Interest, commission & salary or only commission & interest.
19 April 2019
Sir, if interest on unsecured loan amount & commission received amount crossed the threshold limit for mandatory GST Registration. Should we take interest amount for calculating the aggregate turnover.