AAR: Aggregate turnover to include exempted interest income on PPF/Personal loan & advances/Savings A/c

Gujarat AAR holds that exempted interest income received by way of extending deposits in form of ‘Public Provident Fund’ (PPF), ‘Personal loans and Advances to friends/family’ and ‘Savings Bank Account’ shall be considered while calculating the threshold limit of Rs. 20 lakhs (aggregate turnover) for registration under GST law; Applicant is an individual not engaged in any business but has receipts only from savings, personal loans and advances and deposits, ...