THRESHOLD LIMIT

Q. 1) IF A PERSON HAVING INCOME FROM SALARY 10 LACS AND INCOME FROM COMMISSION 11 LACS. TOTAL INCOME 21 LACS.

1. MY QUESTION IS HE IS LIABLE TO BE REGISTER UNDER GST ACT OR NOT?

2. WHICH INCOME IS OUT FROM THE PURVIEW OF GST THRESHOLD LIMIT?


Q. 2) IF A PERSON HAVING INCOME FROM SALARY 10 LACS AND INCOME FROM COMMISSION 9 LACS. TOTAL INCOME 19 LACS.

1. MY QUESTION IS HE IS LIABLE TO BE REGISTER UNDER GST ACT OR NOT?
Replies (9)

1. Yes, because of commission income.

2. Salary

 

1. Yes, because of commission income it is mandatory to register under GST.

is there any other income which is out of the purview of gst THRESHOLD LIMIT except salary

Bank interest on FD, savings acc etc.

Capital gains on sales of immovable properties, etc.. etc..

can u give me the full list

No such exhaustive list available. Each and every supply is assessed  w.r.t. intention of supplier.

thanku

Most welcome.

This answer is purely my opinion which i shall substantiate:- Q-1 Salary 10L and Comm 11L he needs to take registration as the Threshold limit of Rs20 Lakhs exceeded. While computing aggregate Turnover even exempt turnover is to be included. Exempt turnover includes nil rates, exempted and non-taxable supppies. Salary is covered under Schedule III ie services rendered by employee to employee in the course of employment. hence it is a non-taxable supply. Hence it has been included in computing aggregate turnover Q2 - Salary 10L and Commission 9 L Since the aggregate turnover doesnot exceed 20 L no need to get registered.
thank you sir

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