Kindly clarify the applicability of interest income received by the entity on behalf of unsecured loan provided.
Replies (2)
Quick Summary
This discussion seeks clarification on whether Goods and Services Tax (GST) applies to interest income received by an entity. Specifically, it questions the GST implications for interest earned on unsecured loans, especially when TDS is applicable. The query also extends to whether GST is applicable on interest received from trade deposits.