Declaration of fixed deposit interest

Hi, good day.

I understand that interest earned from fixed deposits need to be recorded with tax code IES.
However may I know  is it compulsory to declare in GST03 item no 12 (total value of exempt supplies)?

Thank you.

Asked on February 26, 2018 2018-02-26 06:50:40 Business (商家)
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3 Answer(s)

Yes you are right, tax code for fixed deposit interest is IES.  The supplier shall declare the value of this incidental exempt supply under Field 12: Total Value of exempt supplies of GST-03 return. (Note: Rename of ES43)

Answered on February 27, 2018. 2018-02-27 00:18:59
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Dear Sir

EP is now under ZP, right? So, what is the appropriate field in GST-03 return?

Answered on February 28, 2018. 2018-02-28 01:09:44
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If I’m not mistaken, you need not report in the Return Form GST-03 for ZP, EP or OP.  You only need to report the supplies.  Correct me if I’m wrong.

Answered on February 28, 2018. 2018-02-28 06:36:36
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