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Vehicle loan provider- gst applicability
I am a vehicle loan provider for Two wheeler and Four wheeler. Do I need to register in GST. I have yearly turnover more than 20 lakhs. I am collecting income as Interest and processing fees. Please help me to find whether I need to register in GST.
Replies (3)
Yes u are under the criteria of registration for GST and your rate will be, 18%
in the definition of turnover
what is include in your turnover??
what is include in your turnover??
Thanks. My turnover is interest income and processing fees ... Under which SAC I need to register...
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