If an individual is receiving a pension income of 8L per year & receiving an interest income of 13L . in this aggregate is 21L so, whether the individual is required to get registered under GST law.
Vijay Sesha Sai Madireddy (52 Points)
23 June 2017If an individual is receiving a pension income of 8L per year & receiving an interest income of 13L . in this aggregate is 21L so, whether the individual is required to get registered under GST law.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160886 Points)
Replied 23 June 2017
Pension do not come under the perview of GST, as it is not transaction of any nature of business, but is treated as salary under the law. Similarly interest income from any investment, unless you have any business of giving loans. So, the said aggregate turnover as per GST act, is nil.
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