Interest on bank loan
NAVEEN (Sr.ACCOUNTANT) (261 Points)
25 September 2017
Is GST applicable for any kind of bank loan
3 Replies
anonymous
(student)
(750 Points)
Replied 25 September 2017
GST WILL BE APPLICABLE @ 18% ONLY ON PRCOESSING FEES CHARGED BY BANK..
Bhavin Bhadra
(CA)
(56 Points)
Replied 25 September 2017
GST on interest on loans and advances by bank is exempt.. except interest on credit card services.. notification 12
Bhavin Bhadra
(CA)
(56 Points)
Replied 25 September 2017
GST on interest on loans and advances by bank is exempt.. except interest on credit card services.. notification 12
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