https://www.taxtmi.com/article/detailed?id=9390 Interest receipts, though exempt from GST under notifications for services by way of extending deposits, loans or advances, must be aggregated with taxable receipts to compute aggregate turnover under section 2(6) of the CGST Act for determining GST registration threshold. AAR decisions applying the statutory definition held that exempt interest income (PPF, bank savings, personal loans) is included in aggregate turnover despite no GST liability on that interest; dissenting commentary argues non business receipts should be excluded. en-us Sat, 01 Aug 2020 09:54:07 +0530 Sat, 01 Aug 2020 09:54:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9390 Interest receipts, though exempt from GST under notifications for services by way of extending deposits, loans or advances, must be aggregated with taxable receipts to compute aggregate turnover under section 2(6) of the CGST Act for determining GST registration threshold. AAR decisions applying the statutory definition held that exempt interest income (PPF, bank savings, personal loans) is included in aggregate turnover despite no GST liability on that interest; dissenting commentary argues non business receipts should be excluded. Articles Goods and Services Tax - GST Sat, 01 Aug 2020 09:54:07 +0530 https://www.taxtmi.com/article/detailed?id=9390