IN my opinion it's supply of Services which is Exempted. (As per Notification 12/2017 CT (R) )
As per the Defination of Services u/s 2(102) of CGST Act : means anything other than goods, money & securities but ACTIVITIES RELATING TO USE OF MONEY ............
Bank pay Interest in lieu of Deposit.
Customer keeps money by depositing in bank & receiving Interest for that.
Bank Interest Income...
Page no : 2
Shivam RC
(Student)
(23683 Points)
Replied 21 April 2020
@ Finn Walsh, kindly try to avoid these type of posts in this forum. This is not the correct forum to post all these advertisement.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 May 2020
Moreover it's being already prescribed in Notification 12/2017 CT (R) , that it's supply of Services which is Exempted.
Recent Topics
- Need your valueble insight.
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
Related Threads
CAclubindia
