GST reporting by bank of interest paid/payable to time deposit holder

By | June 8, 2017
(Last Updated On: June 8, 2017)

Whether bank need to report interest paid/payable to time deposit holder in any GST return/ GST statement?

All outward supplies including exempted ones are required to be reported. Summary of such to be reported as required at Table 8 of GSTR-1

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GST reporting by bank of interest paid/payable to time deposit holder

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