GST on credit card loan?

32°
Deal Subedar
Demon_slayer
Banks like hdfc offer loan on you credit card limit.

I know they charge the emi to your card every month and you just pay the due like a regular credit card payment.

But I want to know whether the charge GST On the interest.

Do they charge GST for the interest amount?
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Spearhead Spearhead
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Yes, there is a 18% gst on the interest on every emi amount...

Deal Cadet Deal Cadet
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Yes.. GST is charged for Interest

Deal Lieutenant Deal Lieutenant
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based on previous comments above, all i can feel is GST is like interest on interest, is this meter interest? 

(joke)

Deal Subedar Deal Subedar
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Yes, interest to the govt for the loan they didn't give.

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Deal Subedar Deal Subedar
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@mohiitt @Dimer_Dimer damn the agent specifically told me, no gst would be charged. Thank you both.

Deal Cadet Deal Cadet
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Sale is priority.. Nothing else
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