should interest income from deposits be counted for consideration for registration under gst

[Anurag Dhawan]

should individual having rental incomes of say 15.00 lacs and interest income from PPF, Partners interest of rs 10.00 lacs will have to take GST registration. Kindly advise

[KASTURI SETHI]

Answer is YES. Pl. go through the following decision of AAR Gujarat

IN RE: SHREE SAWAI MANOHARLAL RATHI [2020 (6) TMI 449 - AUTHORITY FOR ADVANCE RULING, GUJARAT]

[Ganeshan Kalyani]

Thank you Sri Kasturi Sir for sharing the citation.

[Anurag Dhawan]

Thanks sir for reply

AI Summary

GST registration threshold: include interest income from deposits and partner receipts when aggregating turnover for registration. Interest income from bank or deposit receipts, including PPF interest and partner interest, is treated as part of the aggregate turnover and constitutes consideration for determining GST registration liability; therefore, taxpayers whose combined receipts (e.g., rent plus interest) exceed the registration threshold must obtain GST registration.