GST ON GOLD LOAN INTEREST

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..... Dear Experts , Pl clarify GST applicability 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 .....

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..... (Rate) dated 28.6.2017 as amended rate of 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 tha .....

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..... n interest involved in credit card services) is 'Nil'. 'Loans include gold loan also. - Reply By KASTURI SETHI - The Reply = Gold loan is one of the types of loan. - Reply By Ganeshan .....

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..... Kalyani - The Reply = Accordingly, no GST is applicable 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. .....

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..... Unless already opted for 50% scheme under Rule 38. - GST ON GOLD LOAN INTEREST - Query Started By: - raja raja Dated:- 9-3-2018 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Foru .....

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..... m - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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