Kindly clarify the applicability of interest income received by the entity on behalf of unsecured loan provided.
2 Replies
sabyasachi mukherjee
(27650 Points)
Replied 01 March 2022
Interst on loan is subject to tds. Now gst applies in case it's between two registered gst units.
SHYAM KRISHNAN K
(i)
(242 Points)
Replied 01 March 2022
Is it applicable in case of trade deposit interest
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