https://www.taxtmi.com/forum/issue?id=115276 Interest on loans is an exempt service; the key issue is whether aggregate turnover for GST registration includes exempt supplies. One view treats the threshold as applying to taxable turnover only, preserving small supplier exemption; another relies on the Explanation that aggregate turnover includes all supplies, which would require clubbing exempt and taxable receipts for registration. Where taxable turnover remains below the threshold, registration should not be required for suppliers whose receipts are exempt interest, and uncertainty may be resolved by seeking an advance ruling. en-us Fri, 02 Aug 2019 19:53:21 +0530 Thu, 23 Jan 2025 15:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115276 Interest on loans is an exempt service; the key issue is whether aggregate turnover for GST registration includes exempt supplies. One view treats the threshold as applying to taxable turnover only, preserving small supplier exemption; another relies on the Explanation that aggregate turnover includes all supplies, which would require clubbing exempt and taxable receipts for registration. Where taxable turnover remains below the threshold, registration should not be required for suppliers whose receipts are exempt interest, and uncertainty may be resolved by seeking an advance ruling. Discussion-Forum GST Fri, 02 Aug 2019 19:53:21 +0530 https://www.taxtmi.com/forum/issue?id=115276