Home Forum Goods and Services Tax - GST Month 2 2020 2020 (2) This
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Amount collected by Credit Society - Goods and Services Tax - GSTExtract Credit Society showing other income in the balance sheet for 1) Processing Fee and loan application fee from customers. 2) Locker Rent 3) Commission from MSEB for accepting electricity bill payments from customers. 4) Interest on Gold Loan 5) commission on Daily Collection and Service Charges on daily recovery. 6) Charges on delayed repayment of loan 7) New Pass Book issue charges. Is the Credit Society required to pay GST on these amounts recovered?
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