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
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UNSECURED LOAN BY INDIVIDUAL TO ANOTHER PERSON
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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