Interest on FDR and Saving Bank account is considered while calculating GST Turnover 5 crore limit...?

Reply— Under section 2(6) “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess.

As per Notification no. 12/2017 (central tax rate) dated 28.06.2017, services by way of extending deposits, loan or advances in so far as the consideration  is represented by way of interest or discount is exempt under GST. As interest on Fixed deposits covered under exempt supplies, it will be included in computation of aggregate turnover in GST.