SAC FOR INTEREST ON LOANS
Query (Issue) Started By: – S.C. WADHWA Dated:- 28-5-2018 Last Reply Date:- 28-5-2018 Goods and Services Tax – GST
Got 2 Replies
GST
What is SAC for interest on loans exmpted under GST.
\nReply By Nitika Aggarwal:
\nThe Reply:
\nDear Sir,
\nSAC for Services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services); is covered under heading 99<\/p>\n
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