Amount collected by Credit Society

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..... Amount collected by Credit Society
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 20-2-2020 Last Reply Date:- 21-2-2020 Goods and Services Tax - GST
Got 2 Replies
GST
Credit Soci .....

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..... ety "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 c .....

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..... ustomers. 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 So .....

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..... ciety required to pay GST on these amounts recovered? Reply By Rajagopalan Ranganathan: The Reply: Sir, Yes, GST is payable except interest on gold loan. Reply By sarojni singh: The Reply: Yes, y .....

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..... ou have to pay GST on everything you mention in your question Except Gold Loan Interest.
Discussion Forum - Knowledge Sharing .....

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