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
Rate:NIL
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
