GST on interest on loan

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....ST on interest on loan<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 16-7-2021 Last Reply Date:- 16-7-2021 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>PQR (Mexico) is a Subsidy....

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.... of XYZ (India). Loan had been given in US$ by XYZ (India) to PQR (Mexico) and the principal amount along with interest is paid back to XYZ (India) again in US $ and the same is deposited in the India....

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....n bank having foreign currency account. Is XYZ required to pay GST on the interest amount received from PQR? Reply By Narendra Nimmala: The Reply: Services by way of extending loans is exempt vide e....

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....ntry 27 of Notification No. 12/2017- Central Tax (Rate). XYZ is not liable to pay GST<br> Discussion Forum - Knowledge Sharing ....