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UNSECURED LOAN BY INDIVIDUAL TO ANOTHER PERSON

227 views 3 replies
1) GST APPLICABLE ON PERSONAL FINANCE

AS THERE IS NO PROCESSING or LEGAL FEES


2)IF YEARLY LOAN GIVEN AND RETURN IN BANK TURNOVER MORE THAN 1
20 LAC
Replies (3)

1. Registration under GST applicable, but no gst to be charged.

2. Returns to be filed as per schedule.

but return will be nil as it's not goods or service???

Its exempted supply, though being service.


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