GST on interest received on unsecured lkan

27 January 2018

Whether gst will be charged for interest received on unsecured loans and advances

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5 Replies

Ramu G (83 Points)
Replied 27 January 2018

Interest received person registered or not

Prakash Mishra (7 Points)
Replied 27 January 2018

Interest received person is registered under gst and is a public ltd co

Shankar Sharma (510 Points)
Replied 27 January 2018

Interest received or paid is not a service. So no GST

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rajesh chowdary (student) (118 Points)
Replied 27 January 2018

gst.not applicable on interest on loan

Udaya Chandran (Manager - Accounts & Taxation) (6514 Points)
Replied 29 January 2018

GST is not applilcable on deposits and loans and respective interest as well.

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