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Full time director deposited money in the business

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(Querist)
27 March 2017 We have full time derector if director deposted deposit in business. As per Goods defination in GST money and securities not includes then deposit is not a goods. But if company paid interest on deposits to director is it covers under the defination of goods or service or it is a money trasations plesae explain.
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Rajesh Kumar

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Rajesh Kumar (Expert)
12 April 2017 No, it is a money transaction and GST shall not attracted.
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