GST on Interest income
This query is : Resolved
Quick Summary
CA Shruti kuchhal
(Querist)
31 January 2020
Dear all,
One of my client has interest income of more than 20 lacs will gst will be applicable on it????
One of my client has interest income of more than 20 lacs will gst will be applicable on it????
31 January 2020
Interest received on loans and advance is not liable for GST but in case it was received from debtors it will be.
CA Paras Ahuja
(Expert)
31 January 2020
If interest income is from loan and advances than no GST.
CA Shruti kuchhal
(Querist)
02 February 2020
Thanks interest income is on loan advance given
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