Hello
My bank charged me a finance charges on my credit card with GST .. ON clarity they refunded the charges but deny refunding the GST claiming they cannot refund the same ..
Kindly guide
2 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 19 May 2018
| Originally posted by : Bilal | ||
 |
Hello My bank charged me a finance charges on my credit card with GST .. ON clarity they refunded the charges but deny refunding the GST claiming they cannot refund the same .. Kindly guide |
 |
Beacuse Your Bank Deposit GST on Bank Charges to GST Department
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 May 2018
Yes GST is applicable on intt. Of credit card , as per noti 12/2017, interest exempted other then credit card (s.no.27)
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
