Credit Cards: Can banks levy GST on interest component of personal loan EMIs?

Credit Cards: Can banks levy GST on interest component of personal loan EMIs? Credit cards: The interest portion on loan offered against the credit card limit is subject to 18 percent GST. This certainly adds to the overall EMI burden. Credit Cards: The rate of GST on interest on personal loans is 18 percent, thus adding to the overall EMI burden.  If you want to raise an instant loan to meet…