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GST on EMI

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service
29 Points Posted on 10 August 2017
Dear experts and forum members

whether GST can implied on Loan EMIs
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On 10 August 2017 at 21:01 Report
Replies (8)
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Practicing CA
1180 Points Posted on 10 August 2017
Dear Suresh, GST is not applicable on EMI
1 Reply
On 10 August 2017 at 21:17
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SERVICE
1465 Points Posted on 10 August 2017
No this is out of gst
4 Reply
On 10 August 2017 at 21:17
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1464 Points Posted on 10 August 2017
No GST is not applicable on EMi. There are two components in EMI- principal & Interest. Principal
4 Reply
On 10 August 2017 at 21:18
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1464 Points Posted on 10 August 2017
cont reading
pricipal is out of GST regime and interest is exempted device.
So GasT is applicable.
4 Reply
On 10 August 2017 at 21:22
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1464 Points Posted on 10 August 2017
pl read device as service and Gas T is applicable as GST is not applivable
4 Reply
On 10 August 2017 at 21:25
Guest

easing of land, RENTING of buildings as well asEMI paid for purchase of under-construction houses will start attracting the Goods and Services  TAX(GST).

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On 10 August 2017 at 21:27
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service
29 Points Posted on 10 August 2017
some private banks are charging
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On 10 August 2017 at 21:45
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service
29 Points Posted on 10 August 2017
thank you for your suggestions
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On 10 August 2017 at 21:47


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