I am a salaried person having following annual incomes:
Salary Income : Rs 25 lakh
Rental income of residential flat : Rs 2.40 lakh
Interest on Fixed Deposit : Rs 0.50 lakh
Dividend on shares : Rs 1.50 lakh.
Rental income of a shop : Rs 6 lakh.
Whether I am required to get GST registration?
As per Sec 22(1) of the CGST Act,2017 requirement for registration is based on aggregate turnover, as in case it exceeds Rs 20 lakh (Rs 10 lakh in some States) registration is mandatory.
The aggregate turnover in your case will not include salary income as it is outside scope of supply as per Schedule III of CGST Act. Also dividend income will not be included being share of profits, transaction purely in money. However intt on FD and rental of flat income will be included being exempt supply alongwith rental income of shop which is taxable.
Thus aggregate turnover will be Rs 8.90 lakh ( 2.40 + 0.50 + 6 lakh) which being below the threshold exemption limit of Rs 20 lakh there will be no requirement to take registration and pay tax.
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