Poonawalla fincorps
Poonawalla fincorps

Is gst applicable on interest received from bank fds ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2018 is RCM applicable on interest received more then 20 lacs from bank FDs ?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
26 June 2018 No, GST is not applicable in respect of Interest on Fixed Deposits with Scheduled Commercial Banks

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