PQR (Mexico) is a Subsidy of XYZ (India). Loan had been given in US$ by XYZ (India) to PQR (Mexico) and the principal amount along with interest is paid back to XYZ (India) again in US $ and the same is deposited in the Indian bank having foreign currency account. Is XYZ required to pay GST on the interest amount received from PQR?
GST on interest on loan
Kaustubh Ram Karandikar (Corporate Consultant- Central Excise & Service Tax) (519 Points)
16 July 2021
CAclubindia
