Interest rates for GST on Credit Card in India
The Indian government has levied Goods and Services Tax (GST) on most services. The rate of GST applicable in services…
Tag: credit card
Loan facility to credit card holder not a credit card service, exempt from GST
The Hon’ble Calcutta High Court in Ramesh Kumar Patodia v. City Bank N.A. and Ors. [APO 10/2023 with WPO 547/2019…
Clarification regarding applicability of Tax Collection at Source to small Debit/Credit Transactions under LRS
Concerns have been raised about the applicability of Tax Collection at Source (TCS) to small transactions under the Liberalized Remittance…