TMI BlogINTEREST ON FDRX X X X Extracts X X X X X X X X Extracts X X X X ..... If a person has RENTAL INCOME and has 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply = Whether the FDR is in connection 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s ' NOT supply ' as per definition of CGST Act the department has nothing to do with this. The column 'non-GST supply' has been created in the Annual Return for examination whether t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he party is right or not in this aspect. Whether transaction actually falls in the category of Non-GST supply ? Non-GST supply has no impact on GST. The taxer payers are committing Himalayan blun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ders by treating taxable/exempted supply as Non-GST supply. So one has to be ultra-cautious. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Your query is not complete. If the rental income is i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the furtherance of business it will be included in the GST Annual Return. Interest income on FDR is not required. - INTEREST ON FDR - Query Started By: - Manali Sharma Dated:- 14-8-2019 Goods and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|