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Gst on interest on loan from others (individual)

This query is : Resolved 
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(Querist)
29 March 2018 Dear All
Thanks in Advance

Sir i want to know whether GST is applicable on Interest on loan taken from relatives and friends
please clarify the Rate of GST and HSN code

RUPESH
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Guest (Expert)
29 March 2018 If that is their business, then yes. Else no, since it is personal. However, income tax will apply.
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RUPESH R.H.

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RUPESH R.H. (Querist)
30 March 2018 Sir
The loan taken by the firm
Can you tell me the HSN Code and Tax Rate
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Guest

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Guest (Expert)
30 March 2018 SAC 9971
Rate:NIL
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