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Interest on bank loan

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Sr.ACCOUNTANT
261 Points Joined November 2011
Is GST applicable for any kind of bank loan
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On 25 September 2017 at 16:30 Report
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student
750 Points Joined May 2016

GST WILL BE APPLICABLE @ 18% ONLY ON PRCOESSING FEES CHARGED BY BANK..

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On 25 September 2017 at 17:12
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CA
56 Points Joined July 2013
GST on interest on loans and advances by bank is exempt.. except interest on credit card services.. notification 12
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On 25 September 2017 at 17:40
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CA
56 Points Joined July 2013
GST on interest on loans and advances by bank is exempt.. except interest on credit card services.. notification 12
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On 25 September 2017 at 17:40

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