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What are the credit card charges that are subject to GST ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Hello, I am a CA Intermediate | CA IPCC student from Bangalore. I want to know about the credit card charges that are subject to GST. Sarath

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

All fees or charges imposed on your credit card account are subject to GST. This includes annual fees, cash withdrawal fees, statement retrieval fees, cash advance fees, sales draft retrieval fees, over limit fees, balance transfer fees, flexi-payment plan fees and etc.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

hi, All fees or charges imposed on your credit card account are subject to GST. This includes annual fees, cash withdrawal fees, statement retrieval fees, cash advance fees, sales draft retrieval fees, over limit fees, balance transfer fees, flexi-payment plan fees and etc.

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