GST on bike loan

Page no : 2

Umesh V Naig (Statutory Analyst) (452 Points)
Replied 01 August 2017

services includes banking services - only interest is not covered,

but recovery of interest allied instances like

default charges , processing charges , communication charges are outside the purview of interest element.

hence charge under GST is correct


Anirban Das (7 Points)
Replied 01 August 2017

Thanks for clarifying @ Poltu Ghosh

Poltu Ghosh (Job) (1865 Points)
Replied 01 August 2017

You are most welcome.........



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