Menu
GST ON FD INTEREST
1. Whether GST ON FD INTEREST is liable for payment of GST ?2. Whether GST ON FD INTEREST is to consider for gross turnover for GST Registration?
Replies (2)
1. No.
2. No, unless the FDs are made through business funds.
1. No. .... Exempted As per Notification 12/2017 CT (R)
2. As per the Defination of Aggregate Turnover in term of section 2(6) includes exempted supply. hence FD income includes in computing Aggregate Turnover
2. As per the Defination of Aggregate Turnover in term of section 2(6) includes exempted supply. hence FD income includes in computing Aggregate Turnover
Recent Threads
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
Related Threads
CAclubindia
