Interest income and shares income without GST can be shown in GSTR-3B

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This query is : Resolved

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This discussion clarifies how to handle interest income and income from shares when they are not subject to GST. While interest income can be reported under outward exempt supplies in GSTR-3B, the sale of shares is generally not required to be shown in GSTR-1 or GSTR-3B. It's noted that such transactions fall outside the scope of GST.

Daya

Daya (Querist)

22 January 2022 whether Income without GST can be shown in GSTR-3B while filing of GSTR-3B , whether GSTR-3B can be filed with Income interest and shares income .

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

22 January 2022 No. The same are out of purview of GST.

CA Altamush Zafar

CA Altamush Zafar (Expert)

23 January 2022 Interest income can be shown in outward exempt supplies. Sale of shares is not to be shown in GSTR-1/3B. At most you can show sale of shares in GSTR-9 under no supplies but that is also not needed

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