RAJANNA K V (GM Civil) (58 Points)
16 August 2022Dear Sir,
Request you to clarify below regarding GST.
I am getting Rs 4.5 Lakhs from rent income and I am getting Rs 21 Lakhs interest income from FDs. Please let me know whether I should register for GST and whether to pay GST.
Thank you,
With Regards,
Rajanna
Bangalire
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13531 Points)
Replied 16 August 2022
In my opinion yes since aggregate turnover includes both taxable and exempt supplies and clubbing both together your aggregate turnover exceeds Rs 20 Lakhs
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 16 August 2022
RAJANNA K V
(GM Civil)
(58 Points)
Replied 16 August 2022
Thank you sir. Yes my rent income is from house given for residential purpose and my interest income is from bank FDs.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 16 August 2022
Divyam Agarwal
(Practicing Chartered Accountant)
(959 Points)
Replied 16 August 2022
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
