https://www.taxtmi.com/forum/issue?id=117353 Services by way of extending loans are exempt from GST; interest received on a repaid loan deposited in a foreign currency account is not subject to GST where it falls within the loan-extension exemption, and the lender is not required to pay GST on those interest receipts. en-us Fri, 16 Jul 2021 14:05:22 +0530 Thu, 23 Jan 2025 15:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117353 Services by way of extending loans are exempt from GST; interest received on a repaid loan deposited in a foreign currency account is not subject to GST where it falls within the loan-extension exemption, and the lender is not required to pay GST on those interest receipts. Discussion-Forum GST Fri, 16 Jul 2021 14:05:22 +0530 https://www.taxtmi.com/forum/issue?id=117353