Source of Income of an Individual unregistered person during a Financial year is :
100.00 L Salary
20.00 L Interest on Loans (from Co.)
5.00 L Interest from Banks (Saving/FDR)
5.00 L Office Rent Received
10.00 L Capital Gains on Share/MF Trading
5.00 L Dividend
15.00 L Compensation from Rented Property
- Is this person required to take GST Registration?
- As per my understanding, only Godown Rent received and Compensation on rented property are taxable under GST and if both these are crossing threshold limit, GST Registration is mandatory. Is it correct?
Thanks in advance.
CAclubindia
