Bank Interest and FD Interest Income

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CA
116 Points Posted on 08 December 2019
Are Bank Interest and FD Interest income require to be shown as exempt supply?
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On 08 December 2019 at 10:17 Report
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GST Practitioner
55067 Points Posted on 10 December 2019
No.............................. you can show but there is no hard & fast rule for the same .
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On 10 December 2019 at 00:46
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Profession
28271 Points Posted on 22 February 2020
@ pankaj
it's wrong.
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On 22 February 2020 at 09:06
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17269 Points Posted on 22 February 2020
What is wrong ??

Give clear cut reply
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On 22 February 2020 at 16:21
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C.A FINAL STUDENT AND QUALIFIED C.M.A
563 Points Posted on 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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On 22 February 2020 at 18:05

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