GST ON GOLD LOAN INTEREST

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....ST ON GOLD LOAN INTEREST<br> Query (Issue) Started By: - raja raja Dated:- 9-3-2018 Last Reply Date:- 13-3-2018 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Dear Experts , Pl clarify GST a....

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....pplicability on gold loan interest Thanks in advance Reply By Rajagopalan Ranganathan: The Reply: Sir, Vide Sl. No.27 of Notification No. 12/2017-Central Tax (Rate) dated 28.6.2017 as amended rate....

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.... of gst on &quot;Services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card serv....

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....ices) is &#39;Nil&#39;. &#39;Loans include gold loan also. Reply By KASTURI SETHI: The Reply: Gold loan is one of the types of loan. Reply By Ganeshan Kalyani: The Reply: Accordingly, no GST is ap....

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....plicable on interest on loan. Reply By Gunjan Shah: The Reply: Since it will be exempted service under GST. You will be required to reverse ITC. Unless already opted for 50% scheme under Rule 38.<b....

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