TaxTMI 
TaxTMI 
If Bank Interest Income is 18,00,000/- and Rent Income is 6,00,000/-. Is GST Registration Required as the total income is crossing 20L Threshold? Do we have to pay tax on 6,00,000/- Rent Income as Gross T/O 24L Exempted T/O 18L --> As Exemption Noft. 12/2017 CGST(R) entry#27 exempts "services by way of extending deposits so far the consideration is represented by way of interest."
Registration
06 Apr 2019 
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GST aggregate turnover exclusion of interest income means registration is triggered by taxable supplies only, not passive interest.
Interest income from bank deposits is not a supply of goods or services for GST purposes and is excluded from aggregate turnover when computing the registration threshold; only supplies within GST scope (taxable or exempt as per notifications) should be counted, and an advance ruling is advised if doubt persists. (AI Summary)
Interest income from bank deposits is not a supply of goods or services for GST purposes and is excluded from aggregate turnover when computing the registration threshold; only supplies within GST scope (taxable or exempt as per notifications) should be counted, and an advance ruling is advised if doubt persists. (AI Summary)