Interest received on FD to Company

Interest on FD is covered under GST as exempted supplies and it makes a part in aggregate turnover.

As per Notification no. 12/ 2017 (central tax rate) dated 28.06.2017,

services by way of extending deposits, loan or advances in so far as the consideration  is represented by 

way of interest or discount is exempt under GST.

Refer: Notification no. 12/ 2017 (central tax rate) dated 28.06.2017 - S.No 27 Heading 9971