Bank Interest and FD Interest Income
vijaykumar sindhi (CA) (113 Points)
08 December 2019
Are Bank Interest and FD Interest income require to be shown as exempt supply?
4 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 10 December 2019
No.............................. you can show but there is no hard & fast rule for the same .
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 22 February 2020
Bank Interest or F.D Interest are not at all 'Supply'.(exempted or taxable is another issue).they do not interpret or caste 'Turnover' or 'Supply'. They are totally out of the purview of G.S.T.
Recent Topics
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
Related Threads
CAclubindia
