GST Impact on Credit Cards in Hindi | By Ishan

GST Impact on Credit Cards in Hindi | By Ishan #Credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus the other agreed charges. A credit card is issued by a credit card provider, like Capital One, and they are designed to pay for things in shops or online. You can also use credit cards for balance transfers and taking out cash (also known as cash advance or cash withdrawal) from an ATM. GST on Card : In case of credit cards, if you are regular with your payments, the GST regime will have no impact. However, if you are late on payment, the credit card company charged you some fee/penalty. Such fees will attract 18 per cent tax under GST and will marginally increase your overall credit card dues if you make a payment after the due date. #GST is applicable on any kind of interest and fees charged by the bank including 1.Interest on late payments 2.Late payment fee 3.Annual fee / Joining fee 4.Cash advance fee etc. Currently, all services are in the GST slab of 18%. So if you pay your dues on time and avoid interest / late fee you will not be paying anything extra, only the amount you spent. Disclaimer- Some contents are used for educational purpose under fair use. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. All credit for copyright materiel used in video goes to respected owner. Keep Supporting Us :- Website : https://www.ishanllb.com/ Website : http://www.eisarahi.com/ Email : help@ishanllb.com Facebook Official : https://www.facebook.com/eisarahiofficial Facebook Page : https://www.facebook.com/IshanLLB/ Twitter : https://twitter.com/ishanllb Tags:GST Impact on Credit Cards in Hindi,benefits of credit card,is gst applicable on credit card payments,gst on credit card payment fee,gst on credit card in india,credit card bill payment,credit card bill kaisa hota hai,Credit Card Kya Hota Hai,credit card ka payment kaise kare,credit card ki jankari hindi me,sbi credit card information in hindi,credit card ke fayde,kya credit card par gst lagta hai,Gst on credit card,क्रेडिट कार्ड,ishan llb,ishanllb,ishan sid

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