GST Registration - Threshold Limit and Applicability

[Jaykumar Pokharna]

Q. Is GST Registration Applicable?

1. If Retail Trader having Annual Turnover against sale of Taxable goods below 40 Lakhs but receives Shop Rental Income Rs 24000 Annually (Showing in Income Head - Income from House Property)
2. If Retail Trader having Annual Turnover against sale of Tax Free goods below 40 Lakhs but receives Shop Rental Income Rs 24000 Annually (Showing in Income Head - Income from House Property)
3. If Retail Trader having Annual Turnover against sale of Taxable goods below 40 Lakhs but receives House RentalIncome Rs 24000 Annually (Showing in Income Head - Income from House Property)
4. If Retail Trader Having Annual Turnover against sale of Taxable goods below 40 Lakhs but receives nominal UPI Commission or GooglePay / PhonePay Rewards or Commission Rs 12.00 (Showing in Income Head - Income from Other Sources)
5. If Retail Trader Having Annual Turnover against sale of Tax Free goods below 40 Lakhs but receives nominal UPI Commission or GooglePay / PhonePay Rewards or Commission Rs 12.00 (Showing in Income Head - Income from Other Sources)

AI Summary

Debate on GST Registration for Retailers: Impact of Additional Incomes like Shop Rental and UPI Commissions. A discussion on GST registration applicability for retail traders with annual turnovers below 40 lakhs and additional incomes such as shop rental, house rental, and UPI commissions. Contributors debated whether these additional incomes necessitate GST registration. It was noted that registration might be required if the turnover exceeds 20 lakhs, considering both taxable and exempt supplies. Shop rental income is seen as business-related, potentially attracting registration, while personal house rental income may not. UPI commissions, if treated as rewards, might not require registration. The consensus emphasized evaluating the composition scheme and aggregate turnover for precise compliance.