|
||
 |
||
| July 2022 (Week 2) | ||
GST NEWS BULLETIN
GST Applicable on Interest Component of EMI of Loan Advanced By Bank Through Credit Card
The Hon’ble Calcutta High Court in Mr. Ramesh Kumar Patodia v. Citi Bank NA & Ors. [WPO 547 of 2019 dated June 24, 2022] held that Equated Monthly Instalments (“EMI”) sof the loan advanced through credit card services by a bank, attracts GST.
CBIC Issued Notification Number 14-2022 - Central Tax For Amendment of CGST Rules, 2017
CBIC vide notification number 14-2022 – Central Tax dated 5th July, 2022, has specified amendments in the CGST Rules, 2017. Some of the major amendments have been mentioned below for ready reference:-
| We trust you will find this Journal informative as well as useful. For any queries, you can write to us at "info@akgvg.com". Looking forward to receive your valuable feedback Disclaimer: This insight is meant for informational purpose only and should not be considered as an advice or opinion, or otherwise, whatsoever. AKGVG & Associates does not intend to advertise its services through this insight. AKGVG & Associates is not responsible for any error or omission in this insight or for any action taken based on its contents. Best Regards! Knowledge Updates Team AKGVG & Associates (Chartered Accountants) DELHI | GURGAON | MUMBAI | AHMEDABAD | BANGALORE | CHENNAI | LUCKNOW Tel: +91 9811118031, 9818330516, Telefax:+91 11 49037920 Website: https://www.akgvg.com |