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Interest paid on security deposit, Goods and Services Tax - GST

Issue Id: - 117043
Dated: 1-3-2021
By:- KARAN VERMA
Interest paid on security deposit

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Sir, whether GST applicable on interest received on security deposit.

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Showing Replies 1 to 2 of 2 Records

1 Dated: 1-3-2021
By:- KASTURI SETHI

Interest on security deposit is a normal interest i.e. in a routine fashion. GST is not applicable on normal interest. Such interest is exempt from GST vide Notification No.12/2017-CT(R) dated 28.6.17 as amended. Notification is as clear as sunshine.


2 Dated: 2-3-2021
By:- DR.MARIAPPAN GOVINDARAJAN

GST is not applicable to interest.


1

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