GSTAT says GST Interest Exemption Requires State-Wise Documentary Proof

Jana Small Finance Bank challenged GST on ₹3.52 crore disclosed as unreconciled turnover in GSTR-9C, claiming it represented exempt interest adjustments belonging to other States. GSTAT accepted the legal availability of the exemption but rejected the appeal because the Bank failed to produce documentary evidence establishing the nature and State-wise attribution of the disputed amount.