Bank Interest and FD Interest Income
vijaykumar sindhi (CA) (114 Points)
08 December 2019
Are Bank Interest and FD Interest income require to be shown as exempt supply?
4 Replies
Pankaj Rawat
(GST Practitioner)
(55057 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.
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