Interest paid to foreign entity on letter of credit

This query is : Resolved

Raj Yadav (Querist)
Follow

26 December 2017 Dear Sir,

We are paying Interest to Foreign Entity and deducting TDS as per DTAA - Article 12 10%, Sec 115A is also applicable however it has 20% hence benefit of DTAA is available.

Please help whether GST is applicable to the some. Also help me with the relevant section of reference support to the solution.

Thank you.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

26 December 2017 GST not applicable on interest payments.

Raj Yadav

Raj Yadav (Querist)
Follow

26 December 2017 Thank you for the solution Sir. Please help me with section reference under CGST Act or any other reference.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

26 December 2017 See the link.
https://www.quora.com/Do-banks-charge-GST-on-the-interest-of-a-loan

Raj Yadav

Raj Yadav (Querist)
Follow

26 December 2017 Thank you very much Sir. I understood. Thanks alot.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

GST Karimnagar state

Sagar Khakhiwala

jaspreet sidana

svgovindaraju

ATUL MAKWANA

Subscribe Now

Interest paid to foreign entity on letter of credit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA