Good Morning Evereone,
Please confirm me that GST will be applicable or not on Interest on Cash on EMI from credit card?
Ratan Chauhan (Sr. Executive Auditor) (53 Points)
24 July 2017Good Morning Evereone,
Please confirm me that GST will be applicable or not on Interest on Cash on EMI from credit card?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160317 Points)
Replied 24 July 2017
GST is applicable over services issued by bank for use of credit card.......
If any bank charge levied over card (usage or annual fees etc.) or late payment fees/interest...... GST will be charged over it.
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