GST on credit card loan interest
Bhanu Prasad (28 Points)
04 February 2019if correct on which section?
can any one explain me on this issue.
Bhanu Prasad (28 Points)
04 February 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183476 Points)
Replied 04 February 2019
Correct.........
Services provided by bank ....... 18%
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183476 Points)
Replied 04 February 2019
5-banking-financial-transactions-on-which-gst-is-payable-now
free-banking-services-not-liable-to-gst-mutual-fund-exit-load-to-attract-levy
Balu Bhaskar
(12 Points)
Replied 04 February 2019
Bhanu Prasad
(28 Points)
Replied 04 February 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183476 Points)
Replied 04 February 2019
The loan is over credit card facility........ taxable.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183476 Points)
Replied 04 February 2019
Originally posted by : Balu Bhaskar | ||
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sir RCM applicable this February 1st 2019 or not sir | ![]() |
As on today RCM applicable over goods and services specified as under section 9(3) GST act/ or Sec5(3) IGST act. But RCM for purchase from URD is not applicable till further notification.
Refer attachment