People also ask


  • What is the GST on credit card payments?

  • Before the introduction of GST, all credit card services incurred service tax at 15% but now this service tax has been replaced with 18% GST on credit cards.

  • Can HDFC converted into term loan and charged IGST?

  • So how can HDFC converted into term loan and charged me interest and processing fees with IGST. Its not term loan, its a mobile purchase on no cost EMI offered.

  • What is IGST and how does it work?

  • IGST stands for Integrated Goods and Services Tax. IGST is one of the three components of Goods and Services Tax. IGS tax is levied when there is an inter-state transfer of goods and services. When GST was introduced by the central government in July 2017, the idea was to subsume all the various indirect taxes into one.

  • How much GST do you have to pay on credit card EMIS?

  • How much GST do you have to pay on credit card EMIs? All credit card services incur GST at 18% . Before the introduction of GST, all credit card services incurred service tax at 15% but now this service tax has been replaced with 18% GST on credit cards.