gst calculate on home loan

12 September 2017

sir, can you explain how to calculate late GST on home loan.

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7 Replies

Amit Agrawal (Chartered Accountant) (75 Points)
Replied 12 September 2017

In my opinion only on Service charges portion of the processing fees etc, GST Will be applicable @ 18%

Sumit Chaudhary (120 Points)
Replied 12 September 2017

can u understand me give an short example

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 September 2017

@ Sumit.,
What is your exact query and want...?

Sumit Chaudhary (120 Points)
Replied 12 September 2017

on which amount GST charge in home loan

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 September 2017

I think GST not applicable for the loan amount.

Only applicable in Service Charges, Processing fees and Penalty...

Sumit Chaudhary (120 Points)
Replied 12 September 2017

thank you

Vishal Patel (2 Points)
Replied 26 August 2019

I have bought under construction home on 15 L loan and 8 L cash .
so how can gst calculate?

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