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krystaltan
Level 1

F5 GST filling for Interest Earned from Bank

Hi QBO & GST Expert,

 

I have recently gaining the Interest from bank. 

Understand that the interest income received from the bank should be reported as exempt supplies in Box 3 of gained Interest from Exempt Supplies.

 

Which GST code should I use while I am posting the Interest received from the bank in "Deposit" to show the Interest received in Box 3 of F5 (GST F5 Summary Report)