Hello
My bank charged me a finance charges on my credit card with GST .. ON clarity they refunded the charges but deny refunding the GST claiming they cannot refund the same ..
Kindly guide
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 19 May 2018
| Originally posted by : Bilal | ||
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Hello My bank charged me a finance charges on my credit card with GST .. ON clarity they refunded the charges but deny refunding the GST claiming they cannot refund the same .. Kindly guide |
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Beacuse Your Bank Deposit GST on Bank Charges to GST Department
Pankaj Rawat
(GST Practitioner)
(55037 Points)
Replied 19 May 2018
Yes GST is applicable on intt. Of credit card , as per noti 12/2017, interest exempted other then credit card (s.no.27)
CAclubindia
