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GST on Interest income

This query is : Resolved 
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(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????
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
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.
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CA Paras Ahuja

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CA Paras Ahuja (Expert)
31 January 2020 If interest income is from loan and advances than no GST.
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CA Shruti kuchhal

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CA Shruti kuchhal (Querist)
02 February 2020 Thanks interest income is on loan advance given
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