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Bank Interest and FD Interest Income

vijaykumar sindhi (68 Points)

08 December 2019  
Are Bank Interest and FD Interest income require to be shown as exempt supply?

 4 Replies

Pankaj Rawat (GST Practitioner) (51638 Points)
Replied 10 December 2019

No.............................. you can show but there is no hard & fast rule for the same .
1 Like

sabyasachi mukherjee (6774 Points)
Replied 22 February 2020

@ pankaj
it's wrong.

Kapadia Pravin (17209 Points)
Replied 22 February 2020

What is wrong ??

Give clear cut reply

M.Keerthi chandra (C.A FINAL STUDENT AND QUALIFIED C.M.A)   (560 Points)
Replied 22 February 2020

Bank Interest or F.D Interest are not at all 'Supply'.(exempted or taxable is another  issue).they do not interpret or caste 'Turnover' or 'Supply'. They are totally out of the purview of G.S.T.


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