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GSTR 9C
whether to show bank interest which is grouped in other income in gstr 9 5 d. or in table 5 O of 9c. kindly advice
Replies (1)
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Bank interest is an exempt supply under GST.
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It should NOT be reported in GSTR-9 Table 5(d).
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It should be reported in GSTR-9 Table 5(F) – Exempt Supplies.
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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).
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