Introduction : There is a lot of confusion surrounding the taxation of loan interest under GST. The main reason for this confusion is that there is no specific provision in the GST law that deals with the taxation of loan interest. However, we can look at the existing provisions and infer that loan interest is…
Tag: Gst tax
A compressive guide – GST exemption
Introduction : After 1st July 2017, the Government of India set up some criterias upon fulfilling which businesses and persons have to register below GST norms. However, positive goods and offerings can revel in exemption from GST registration. Furthermore, the provide of some items or offerings attracts a nil charge of tax which in brief…