Interest on Deposit & SB to be shown in GSTR 9 or 9C

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Accountant
333 Points Joined April 2018

in GSTR 9 Whether i want to show Interest received on Deposits & SB in Exempted  or want to show in GSTR 9C and real estate land sales should show in Exempted in GST 9 or Want to show in GSTR 9C if Want to show in GSTR 9C Which column to be shown 

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On 09 December 2024 at 17:30 Report
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Master in Accounts & high court Advocate
9155 Points Joined December 2011

A question about GSTR-9 and GSTR-9C! Interest Received on Deposits & SB Interest received on deposits and savings bank (SB) accounts is exempt from GST.

 Option 1: Show in Exempted (GSTR-9) You can report the interest received on deposits and SB in the "Exempted" table of GSTR-9.

 Option 2: Show in GSTR-9C Alternatively, you can report the interest received on deposits and SB in GSTR-9C, which is a reconciliation statement. If you choose to show it in GSTR-9C: 1. _

Table 5: Particulars of exempted supplies_: Report the interest received on deposits and SB in this table. 2. _Column 3: Descripttion of exempted supplies_:

Mention "Interest on Deposits and SB" in this column. 3. _Column 4: Value of exempted supplies_: Report the total value of interest received on deposits and SB. Real Estate Land Sales Real estate land sales are exempt from GST.

Option 1: Show in Exempted (GSTR-9) You can report the real estate land sales in the "Exempted" table of GSTR-9.

Option 2: Show in GSTR-9C Alternatively, you can report the real estate land sales in GSTR-9C. If you choose to show it in GSTR-9C:

1. _Table 5: Particulars of exempted supplies_: Report the real estate land sales in this table.

2. _Column

3: Descripttion of exempted supplies_: Mention "Real Estate Land Sales" in this column. 3. _Column 4: Value of exempted supplies_: Report the total value of real estate land sales.

 Additional Tips 1. _Verify GST regulations_: Verify the GST regulations and guidelines for exempted supplies and GSTR-9C reporting.

 2. _Consult a tax professional_: If you're unsure about GSTR-9 or GSTR-9C reporting, consider consulting a tax professional.

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On 09 December 2024 at 20:20


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