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Interest paid on security deposit, Goods and Services Tax - GST |
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Interest paid on security deposit |
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Sir, whether GST applicable on interest received on security deposit. Posts / Replies Showing Replies 1 to 2 of 2 Records
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.
GST is not applicable to interest.
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