Is gst application on interest recieved
K.C. Saini (20 Points)
01 June 2020
interest received on loan amount
1 Replies
Shivam RC
(Student)
(23683 Points)
Replied 02 June 2020
As per Notification No. 12/2017 - Central Tax ( Rate ), dated 28.06.2017, "Services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount" is EXEMPTED from GST.
Recent Topics
- How To Hire A To Recover Stolen Funds From Online
- GST Registration in the state of Maharashtra
- Passing of entries in tally
- Tax Liabilities and ITC Comparison
- GST on service work for mediator
- HUF account
- Form-16 in excel format for Asst Yr 2025-26
- How to check folio details of old MFs - CANPEP'93
- Question of a Cash Flow Statement of Maharaja Limi
- Extension for CA industrial training
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
