Reverse charge
This query is : Resolved
16 August 2017
IS INTEREST PAID BY A GST DEALER TO BANKS AND OTHERS, LIABLE FOR GST UNDER REVERSE CHARGE?
16 August 2017
No.
Bank's interest is not under GST. GST not applicable
Message likes :
1 times
15 October 2021
Bank charge GST, wherever applicable, as forward charge. No need to pay it under RCM.
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