Interest paid to foreign entity on letter of credit
This query is : Resolved
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.
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.
26 December 2017
GST not applicable on interest payments.
26 December 2017
Thank you for the solution Sir. Please help me with section reference under CGST Act or any other reference.
26 December 2017
See the link.
https://www.quora.com/Do-banks-charge-GST-on-the-interest-of-a-loan
https://www.quora.com/Do-banks-charge-GST-on-the-interest-of-a-loan
26 December 2017
Thank you very much Sir. I understood. Thanks alot.
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