TaxTMI 
TaxTMI 
IF A PERSON IS EARNING INTEREST (ON FDR) FROM BANK OF RS.15.00 LAKHS AND GETTING RENT OF RS.6.00 LAKHS. THEN HIS AGGREGATE TURNOVER BECOMES 21.00 LAKHS. WHETHER HE IS LIABLE TO REGISTER FOR GST AND LIABLE TO GET REGISTERED UNDER GST?
AGGREGATE TURNOVER AND REGISTRATION
10 Mar 2020 
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Aggregate turnover threshold determines GST registration when interest and rent are included in turnover.
Registration depends on aggregate turnover, which must include interest and rent for determining GST registration; the Finance Act amendment allows the Government to raise the registration threshold for suppliers exclusively of goods and expressly treats persons earning interest on deposits, loans or advances as exclusively goods suppliers for that threshold, but implementation awaits a government notification. (AI Summary)
Registration depends on aggregate turnover, which must include interest and rent for determining GST registration; the Finance Act amendment allows the Government to raise the registration threshold for suppliers exclusively of goods and expressly treats persons earning interest on deposits, loans or advances as exclusively goods suppliers for that threshold, but implementation awaits a government notification. (AI Summary)