TaxTMI 
TaxTMI 
GST Registration
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....ST Registration<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 7-12-2018 Last Reply Date:- 17-1-2019 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>XYZ is a Doctor (Proprietor) is running an ENT Hospital. Apart from his income from the hospital which is exempted from GST, he is also earning through Residential premises given on rent, capital gains, bank interest, FD interest,....
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.... interest on loan given to a company, interest on PPF and dividend. All these incomes including from the hospital are exempted but is crossing the threshold limit of ₹ 20 Lacs. Is XYZ required to obtain GST Registration? Reply By KASTURI SETHI: The Reply: Not required. See the definition of the term, "Aggregate turnover" under Section 2(6) of CGST Act,2017. 6) "aggregate turnov....
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....er" means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and c....
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....ess; There is a comma before and after 'exempt supplies' and NOT 'or'. One has to consider, the term."taxable supplies". The term, "taxable supplies' cannot be skipped. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Interest on FD, PPF etc., are for the purposes of personal income not for furtherance of business. Registration is not required. Reply By HariKis....
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....han Bhonagiri: The Reply: As per Section 23(1) says if exclusively engaged in the business of supply of goods or services that are not liable to tax or wholly liable from tax are not liable for registration<br> Discussion Forum - Knowledge Sharing ....