Dear experts and forum members
whether GST can implied on Loan EMIs
8 Replies
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 10 August 2017
Dear Suresh,
GST is not applicable on EMI
Chhatra Singh Dugar
(1464 Points)
Replied 10 August 2017
No GST is not applicable on EMi. There are two components in EMI- principal & Interest. Principal
Chhatra Singh Dugar
(1464 Points)
Replied 10 August 2017
cont reading
pricipal is out of GST regime and interest is exempted device.
So GasT is applicable.
pricipal is out of GST regime and interest is exempted device.
So GasT is applicable.
Chhatra Singh Dugar
(1464 Points)
Replied 10 August 2017
pl read device as service and Gas T is applicable as GST is not applivable
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