Please let me know through inclusion of which words, clauses interest income (interest on fixed deposits/loans & advances) has be brought under the preview of GST & the notification through which it has been exempted from GST.
Menu
Interest income & goods and services tax
Replies (3)
| Originally posted by : Hemanth Ranka | ||
 |
Please let me know through inclusion of which words, clauses interest income (interest on fixed deposits/loans & advances) has be brought under the preview of GST & the notification through which it has been exempted from GST. |  |
Under Heading 9971 Nill Rate Apply before GST this service cover under Negative List of Service Tax
| Heading 9971 | Services by way of— (a) extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services); |
interest income will not come under GST
👌👌👌
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
