Dear Sir Kindly clarify whether GST Applicable on INTEREST On Loan from Credit Card or Personal Loan.
Because Every Month GST Charged in Credit Card Statement.
harinatha babu (MAFA) (37 Points)
13 July 2022Dear Sir Kindly clarify whether GST Applicable on INTEREST On Loan from Credit Card or Personal Loan.
Because Every Month GST Charged in Credit Card Statement.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 13 July 2022
Yes, GST is applicable on interest over CC/PL loan.