TaxTMI 
TaxTMI 
Interest income received on fixed deposits and interest received on bank accounts / forex fluctuation are these to be disclosed in the GSTR-1/ 3B as exempt supplies.
if same have not been disclosed in fy 17-18 can they be added manually in gstr-9
dislcosure in gstr-1 and 3B and gstr-9
20 May 2019 
1 Reply 
1967 Views Asked by
Exempt supply disclosure: declare exempt interest receipts in GST returns and amend annual return if omitted.
Interest receipts (bank, fixed deposit, forex fluctuation) that are exempt supplies must be declared in GSTR 1, GSTR 3B and GSTR 9. Disclosure permits verification of correct availing of exemption, inclusion in aggregate turnover and threshold calculations, and determination of composite supply status. Auto populated Annual Returns may be manually modified to insert missed exempt figures, which supports bona fides and facilitates matching with income tax returns. (AI Summary)
Interest receipts (bank, fixed deposit, forex fluctuation) that are exempt supplies must be declared in GSTR 1, GSTR 3B and GSTR 9. Disclosure permits verification of correct availing of exemption, inclusion in aggregate turnover and threshold calculations, and determination of composite supply status. Auto populated Annual Returns may be manually modified to insert missed exempt figures, which supports bona fides and facilitates matching with income tax returns. (AI Summary)