Question

A Proprietorship Concern is Registered under GST and dealing in Real State Business, It was made Investment into Real State and Earned Interest on this. So My question is that Interest Received on above Investment is chargeable to GST or Not?

Answer

Interest on Deposits, Loans and advances is exempt vide Notification No. 12/2017 Central Tax (Rate) s.no. 27.

But from your question we understood that you have invested in Real Estate Business and getting profit on percentage basis.

If this is the condition, then it is not exempt under GST. (Reply dt.15/11/2018)