GST applicable on Credit Card EMI Interest: Calcutta HC [Read Order]

GST - Credit Card - EMI - Calcutta High Court - Taxscan

The Calcutta High Court, while considering a writ petition by an individual, held that the Integrated GST is applicable on the interest component of the Equated Monthly Instalments (EMIs) of a loan advanced by a bank on a credit card as the same does not come within the purview of exempted services. The borrower has…

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RAMESH KUMAR PATODIA vs CITI BANK NA AND ORS.

Counsel for Appellant:   Mr. Romendra Kumar Biswas

Counsel for Respondent:   Mr. Prabhat Kumar Srivastawa

CITATION:   2022 TAXSCAN (HC) 521

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