Interest on fd gst-9

For filing GST-R9 (Annual Return) and GST-9C (Reconciliation Statement) for the assessee for the financial year 2023-24, you need to report the interest income from FD (Fixed Deposit) in the appropriate tables.

Here's a suggestion: In GST-R9: - Table 5: "Interest received" should be reported in this table. -

 Table 6: "Other income" can also be considered for reporting this interest income. In GST-9C: -

 Table 4: "Interest income" should be reported in this table.

 Please note that: - Interest income is not subject to GST, so it won't be reported in the GST liability tables. -

Ensure you also report this interest income in the assessee's income tax return (ITR).