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Inclusion of Interest Income in FORM GSTR 9, Goods and Services Tax - GST

Issue Id: - 115059
Dated: 8-6-2019
By:- Pradeep Singhi
Inclusion of Interest Income in FORM GSTR 9

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Respected Sir,

Do we need to include interest income in total turnover in FORM GSTR-9 (Annual Return)?

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Showing Replies 1 to 3 of 3 Records

1 Dated: 8-6-2019

Yes. If interest is in the course of business or furtherance of business. If interest is part of taxable value, interest is already included in the value of outward supply. Otherwise it is to be shown against the column, 'exempt supply'.

2 Dated: 14-6-2019
By:- Ganeshan Kalyani

Interest income on account of what received ?

3 Dated: 14-6-2019
By:- Pradeep Singhi

"Services by way of extending deposits so far as the consideration is in the form of Interest."

Please see exemption notification 12/2017-CGST(R).


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