TaxTMI 
TaxTMI 
Respected Sir,
Do we need to include interest income in total turnover in FORM GSTR-9 (Annual Return)?
Inclusion of Interest Income in FORM GSTR 9
08 Jun 2019 
3 Replies 
6218 Views Asked by
Interest income inclusion: include interest in GSTR 9 if business-related; otherwise report as exempt supply per tax guidance
Interest income must be included in FORM GSTR-9 when arising in the course or furtherance of business; if interest is part of the taxable value of an outward supply it is already included in turnover, otherwise such interest receipts should be shown as exempt supply. Services by way of extending deposits where consideration is interest are specifically relevant to this classification. (AI Summary)
Interest income must be included in FORM GSTR-9 when arising in the course or furtherance of business; if interest is part of the taxable value of an outward supply it is already included in turnover, otherwise such interest receipts should be shown as exempt supply. Services by way of extending deposits where consideration is interest are specifically relevant to this classification. (AI Summary)