Services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount attracts no GST
Is GST payable on 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 services?
Is GST exempted on 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 services? No GST applicable for 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 services?
As per GST Law 2017, there is no GST payable on 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 services.
So the rate of GST payable on 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 services is nil rate.
This information is about GST on 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 services. Would you like to add more information about GST rate tariff on 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 services? Share below your comments about Goods and Service Tax levied on 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 services.
The above details about GST rate tariff on 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 services is only for information.
The validity of above information and amendments about GST rate on 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 services may be verified before any business dealing.
Click here to know GST rate on Goods and Services
GST Exemption list of goods and services
How to export your goods?
Learn exports imports free of cost
Difference between types of goods and services and types of GST
4 types of Goods and Services in India for GST rate
Difference between IGST on International goods and IGST on domestic goods.
How is IGST calculated under Imports?
How is IGST rate on imports treated?
GST and e-Commerce Business, FAQ