https://www.taxtmi.com/article/detailed?id=9333 No-cost EMI schemes reallocate retailer discounts to financiers so consumers pay product price plus an embedded interest component; when routed through credit card services the interest-equivalent amount often falls outside the GST exemption for interest on loans, and administrative guidance treats that component as subject to GST, increasing the effective cost borne by the consumer. en-us Wed, 08 Jul 2020 10:58:04 +0530 Wed, 08 Jul 2020 10:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9333 No-cost EMI schemes reallocate retailer discounts to financiers so consumers pay product price plus an embedded interest component; when routed through credit card services the interest-equivalent amount often falls outside the GST exemption for interest on loans, and administrative guidance treats that component as subject to GST, increasing the effective cost borne by the consumer. Articles Goods and Services Tax - GST Wed, 08 Jul 2020 10:58:04 +0530 https://www.taxtmi.com/article/detailed?id=9333