Inclusion of cess in gst on lending business
This query is : Resolved
29 May 2018
Can CESS be included in GST in banks and NBFCs relating to lending business?
CA R SEETHARAMAN
(Expert)
29 May 2018
No, GST not applicable on lending business.
29 May 2018
is gst not applicable or gst cess not applicable on lending business as gst law gst is applicable on all services provided by banks and nbfcs
CA R SEETHARAMAN
(Expert)
29 May 2018
GST not applicable on interest payments.
CA R SEETHARAMAN
(Expert)
29 May 2018
No cess included...............
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