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Interest paid to foreign entity on letter of credit

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(Querist)
26 December 2017 Dear Sir,

We are paying Interest to Foreign Entity and deducting TDS as per DTAA - Article 12 10%, Sec 115A is also applicable however it has 20% hence benefit of DTAA is available.

Please help whether GST is applicable to the some. Also help me with the relevant section of reference support to the solution.

Thank you.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 December 2017 GST not applicable on interest payments.
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Raj Yadav

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Raj Yadav (Querist)
26 December 2017 Thank you for the solution Sir. Please help me with section reference under CGST Act or any other reference.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 December 2017 See the link.
https://www.quora.com/Do-banks-charge-GST-on-the-interest-of-a-loan
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Raj Yadav

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Raj Yadav (Querist)
26 December 2017 Thank you very much Sir. I understood. Thanks alot.

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