Hi, Can any one please let me know is GST is applicable on credit cards payments.
If it is then we are paying it twice !
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GST on credit card bill
Replies (4)
The Credit card is individuals (personal) name then can't claim for the service charges related taxes...
it's not applicable?
GST is applicable only on the charges levied by the bank towards credit card transactions. For that also, there is an exemption for transaction below Rs.2,000. There is no duplication of taxes, this was the confusion earlier which has been clearly clarified vide official twitter handle.
thanks
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