Interest paid on security deposit

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nterest paid on security deposit<br> Query (Issue) Started By: - KARAN VERMA Dated:- 1-3-2021 Last Reply Date:- 2-3-2021 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Sir, whether GST applic....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....able on interest received on security deposit. Reply By KASTURI SETHI: The Reply: Interest on security deposit is a normal interest i.e. in a routine fashion. GST is not applicable on normal interes....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t. Such interest is exempt from GST vide Notification No.12/2017-CT(R) dated 28.6.17 as amended. Notification is as clear as sunshine. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: GST is not appli....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cable to interest.<br> Discussion Forum - Knowledge Sharing ....