Atm withdrawals, loan emis gst: , Under gst, banking and financial services have been placed in the 18 per cent rate slab, as compared to 15 per cent service tax earlier. banks are expected to pass on the tax rate hike and it could mean a nominal increase in cost for customers. similarly, credit card charges/fees where service tax is levied will go up..
Is specific provision interest income , Under gst, supplier of goods, services can include any interest charged for delayed payment. will there be gst on such fees? under the gst law, there is a specific provision, under which a supplier of goods/services can include any interest charged on account of a delay in payment of consideration by the customer, in the taxable value of supplies. therefore, if you charge any interest, you should be required to deposit.
Gst interest, late fee penalty delayed payment, Is interest, late fee or penalty charged by the supplier on delayed payment liable to gst? this issue is one of the most trending questions which is doing the rounds in various sectors. it is a usual trade practice where the supplier of the goods provide a credit period (say 60 days or 90 days.
Supplies exempt gst – iras, Deposit money bank. considered loan bank. interest income received bank reported exempt supplies box 3 gst return (total exempt supplies)..
Will home loans costlier gst? | housing news, First foremost processing fee paid time home loan. present, 15 cent 3 cent gst, 18 cent. generally -time cost impact home loan tenure, insignificant..
Interest rates gst act, interest provisions , Interest rates gst act, interest provisions gst regime. person liable pay tax fails pay due date , pay interest unpaid amount rate prescribed due date payment tax date payment. interest paid account central state government. check complete interest provisions gst act 2017..