Gst on interest on loan from others (individual)
This query is : Resolved
29 March 2018
Dear All
Thanks in Advance
Sir i want to know whether GST is applicable on Interest on loan taken from relatives and friends
please clarify the Rate of GST and HSN code
RUPESH
Thanks in Advance
Sir i want to know whether GST is applicable on Interest on loan taken from relatives and friends
please clarify the Rate of GST and HSN code
RUPESH
Guest
Guest
(Expert)
29 March 2018
If that is their business, then yes. Else no, since it is personal. However, income tax will apply.
Message likes :
1 times
30 March 2018
Sir
The loan taken by the firm
Can you tell me the HSN Code and Tax Rate
The loan taken by the firm
Can you tell me the HSN Code and Tax Rate
Guest
Guest
(Expert)
30 March 2018
SAC 9971
Rate:NIL
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