Zero cost emi GST Query
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Hey guys can anyone tell me how much GST does SBI charge in each instalment in zero cost emi?
My installment breakout is 9887 for 3 months and I am using a friend’s card so I want to know how much more should I pay him so he doesn’t have to bear any cost ?
Please help
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https://www.desidime.com/discussions/zero-cost-emi-gst-query?page=1#post_8397708
Thank you
https://www.desidime.com/discussions/zero-cost-emi-gst-query?page=1#post_8397436
GST is charged @ 18% on Interest amount only
https://www.desidime.com/discussions/zero-cost-emi-gst-query?page=1#post_8397439
The no cost emi discount i am getting from Flipkart is rs 651 so 118 rs will be the extra charge right?
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https://www.desidime.com/discussions/zero-cost-emi-gst-query?page=1#post_8399577
Its ok for Govt to apply GST on processing Fee. But GST on Interest is immoral and beyond comprehension.
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Interest discount you received * 18%
Processing charges 99 + 18% GST