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GST on aggregate or not?

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I have question as for my knowledge.

Lets say if a registered trader makes following

1. Taxable Supply 2 lakh a year

2. Interest from Bank FD 1 Lakh a year

3. Mutual Fund Profit 1 Lakh a year.

So Does he have to pay GST on 4 lakh or 2 Lakh?

Replies (2)

Quick Summary

This discussion clarifies whether GST applies to all income or just taxable supplies. The consensus is that GST is only payable on taxable supplies, not on exempt income like bank FD interest or mutual fund profits. Therefore, if your taxable supply is £2 lakh per year, you only pay GST on that amount, not on additional income from exempt sources.