Chartered Accountant
1005 Points
Posted on 05 September 2022
GST is exempt from interest earned on investments or loans advanced. Hence, no need to obtain registration. However, if the firm makes any taxable supply then GST registration may be required since the interest income will be considered in calculating the threshold limit for registration.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
ACA. Sorav Gupta
(Practicing Chartered Accountant)