TaxTMI 
TaxTMI 
GST charged on interest portion of EMI
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....ST charged on interest portion of EMI<br> Query (Issue) Started By: - HIMANSHU Gupta Dated:- 27-11-2017 Last Reply Date:- 29-11-2017 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>I HV availe....
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....d personal loan on credit card through Citi bank and they are charging GST on interest portion of EMI. Although GST is applicable on Bank charges but hw come is it applicable on intt portion of EMI if....
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.... it is being paid on due date. Kindly guide and is there any remedy which I can take if any injustice or wrong being done on the part of bank. Reply By ANITA BHADRA: The Reply: personal loans did no....
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....t attract service tax earlier and should not attract GST now. Personal loan EMI shouldll remain unchanged and unaffected by GST. Even according to SBI official,home loan, auto loan, and personal loan....
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.... EMIs will not go up as service tax is not levied on them, hence, they will not be taxable under GST. Regards Reply By pradeep kumar: The Reply: Mam but ,Services by way of: (a) extending deposit....
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....s, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services);so gst attaract in this case<br> Discussion For....
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