GST on interest on loan

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..... GST on interest on loan
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 16-7-2021 Last Reply Date:- 16-7-2021 Goods and Services Tax - GST
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GST
PQR (Mexico) is a Subsid .....

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..... y of XYZ (India). Loan had been given in US$ by XYZ (India) to PQR (Mexico) and the principal amount along with interest is paid back to XYZ (India) again in US $ and the same is deposited in the Indi .....

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..... an bank having foreign currency account. Is XYZ required to pay GST on the interest amount received from PQR? Reply By Narendra Nimmala: The Reply: Services by way of extending loans is exempt vide .....

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..... entry 27 of Notification No. 12/2017- Central Tax (Rate). XYZ is not liable to pay GST
Discussion Forum - Knowledge Sharing .....

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