The GST "Other Income" Trap! 🚨

The GST "Other Income" Trap! 🚨
"Sir, this is my personal income, why should I show it in GST?"
I hear this from business owners every single week. They run a great trading or manufacturing business, but they also have:
🏠 Rental Income (from a shop or godown)
💰 Commission (from side deals)
🏦 Bank Interest (from FDs)
The Reality Check: 💣
GST registration is PAN-based. Once you are registered, the government doesn't see "The Shop" and "The Person" as two different things. They see one single taxable person.
The Audit Nightmare: 🕵️‍♂️
The Department is now using AI to cross-link your Income Tax Returns (ITR) with your GST Returns.
• ITR shows ₹50 Lakhs total income.
• GST shows ₹40 Lakhs turnover.
• The Question: Where is the other ₹10 Lakhs? Why wasn't it disclosed?
Does everything attract GST? 📉
Not necessarily.
✅ Residential Rent: Exempt (in most cases, but watch out for the RCM rule!).
✅ Bank Interest: Exempt (but must be shown as exempt supply).
❌ Commercial Rent: Fully Taxable at 18%.
❌ Commission/Brokerage: Fully Taxable at 18%.
If you ignore these "Other Incomes," you aren't just skipping tax; you are providing the Department with a reason to open a full-scale audit of your books.
👇 Do you have income in your P&L or Capital Account that isn't in your GST returns? DM me the word "PICTURE" and my team will help you reconcile your ITR and GST once and for all!

Видео The GST "Other Income" Trap! 🚨 канала CA Prateek Mitruka