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Gst on interest on loan from others (individual)

This query is : Resolved 

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


If that is their business, then yes. Else no, since it is personal. However, income tax will apply.

Sir
The loan taken by the firm
Can you tell me the HSN Code and Tax Rate

SAC 9971
Rate:NIL




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