Hi.,
We are manufacturing company., we are giving loan to our vendor Rs.10 lac., ., everymonth we are colleting the interest ., pluse principal.,
Can you suggest is it GST applicable for Interest receipt?
Thanking you
Jagan. R
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Loan to outsider - GST applicable or not
Replies (3)
No, GST not applicable on Interest
No it is specifically included under exemption notification
Not applicable in light of exemption under 12/2017-CT(R).
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