TaxTMI 
TaxTMI 
Hello respected members. Actually my query is that whether an assessee needs to pay gst if its has been running cold storage of potatoes only till date and now it has started to provide rental service to a sister concern belonging to the assessee's family members, only because its aggregate turnover i.e. cold storage receipts and rent receipts would be exceeding the threshold limit provided in the gst provisions?
Aggregate Turnover
13 May 2025 
6 Replies 
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Aggregate turnover includes exempt supplies, so rental income from commercial cold storage attracts GST once turnover exceeds threshold.
The aggregate turnover includes exempt supplies such as cold storage receipts; cold storage for agricultural produce is exempt from GST but must be included in turnover. Renting the storage to a sister concern is a taxable supply if the supplier's aggregate turnover exceeds the registration threshold; related party status does not change taxability. A bona fide interest free refundable security deposit, properly documented and not constituting advance or consideration, is not treated as taxable income. (AI Summary)
The aggregate turnover includes exempt supplies such as cold storage receipts; cold storage for agricultural produce is exempt from GST but must be included in turnover. Renting the storage to a sister concern is a taxable supply if the supplier's aggregate turnover exceeds the registration threshold; related party status does not change taxability. A bona fide interest free refundable security deposit, properly documented and not constituting advance or consideration, is not treated as taxable income. (AI Summary)