Is gst applicable on interest paid on demat account

Accounts 208 views 2 replies

Hi all,

Can u please guide me whether GST is applicable on interest paid for debit balance in demat account with share broker.

Replies (2)
GST is not applicable on interest of bank !

GST is applicable on bank charges

Kindly provide clarity whether GST is applicable on interest paid for debit balance in Trading / Demat account with a share broker


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