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TMI BlogINTEREST ON FDRX X X X Extracts X X X X X X X X Extracts X X X X ..... INTEREST ON FDR X X X X Extracts X X X X X X X X Extracts X X X X ..... s INTEREST INCOME ON FDR, whether it will be included in GST ANNUAL RETURN and if YES then what will be the TREATMENT for that? Reply By Ganeshan Kalyani: The Reply: Whether the FDR is in connection ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with the business? Reply By KASTURI SETHI: The Reply: If FDR pertains to non-business, interest is not to be shown. Pl. note that if any transaction is 'NOT supply ' as per definition of CG ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ST Act the department has nothing to do with this. The column 'non-GST supply' has been created in the Annual Return for examination whether the party is right or not in this aspect. Whether t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ransaction actually falls in the category of Non-GST supply ? Non-GST supply has no impact on GST. The taxer payers are committing Himalayan blunders by treating taxable/exempted supply as Non-GST sup ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply. So one has to be ultra-cautious. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Your query is not complete. If the rental income is in the furtherance of business it will be included in the GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Annual Return. Interest income on FDR is not required. X X X X Extracts X X X X X X X X Extracts X X X X
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