GSTR 9C

• Bank interest is an exempt supply under GST.

• It should NOT be reported in GSTR-9 Table 5(d).

• It should be reported in GSTR-9 Table 5(F) – Exempt Supplies.

• In GSTR-9C, bank interest must be disclosed in Table 5 (Reconciliation of Gross Turnover) under “Other Income / Exempt Income”, and not in Table 9 (Tax Paid Reconciliation).

Bank Interest is not outward supply from the company is point of which is not engaged in the banking sector. Therefore, no such transactions to be reported in the GSTR-9. While filing GSTR-9C, it should be reported in the 5-O "Other Adjustements" as the definition of Turnover as per GSTR-9C includes normal turnover plus other income.