https://www.taxtmi.com/forum/issue?id=119085 Section 17(2) concerns exempt supplies, and the CGST Rules' explanatory provision excludes, for certain taxpayers, services by way of accepting deposits or extending loans insofar as consideration is interest or discount from the aggregate value of exempt supplies used to determine ITC reversal; accordingly, for taxpayers other than banking or specified financial institutions, PPF and FDR interest reported as exempt in the annual return is generally not included for proportional ITC reversal. en-us Mon, 29 Apr 2024 19:30:18 +0530 Fri, 24 Jan 2025 10:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119085 Section 17(2) concerns exempt supplies, and the CGST Rules' explanatory provision excludes, for certain taxpayers, services by way of accepting deposits or extending loans insofar as consideration is interest or discount from the aggregate value of exempt supplies used to determine ITC reversal; accordingly, for taxpayers other than banking or specified financial institutions, PPF and FDR interest reported as exempt in the annual return is generally not included for proportional ITC reversal. Discussion-Forum GST Mon, 29 Apr 2024 19:30:18 +0530 https://www.taxtmi.com/forum/issue?id=119085