Dear experts and forum members
whether GST can implied on Loan EMIs
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GST on EMI
Replies (8)
Dear Suresh,
GST is not applicable on EMI
No this is out of gst
No GST is not applicable on EMi. There are two components in EMI- principal & Interest. Principal
cont reading
pricipal is out of GST regime and interest is exempted device.
So GasT is applicable.
pricipal is out of GST regime and interest is exempted device.
So GasT is applicable.
pl read device as service and Gas T is applicable as GST is not applivable
some private banks are charging
thank you for your suggestions
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