GST Rates 2021 List of Tax Slabs Rate Applicable on
Before the introduction of GST service tax was levied at the rate of 15% Now GST is levied on loans at the rate of 18% Considering the rate as per GST being 3% higher than service tax many people thought it would put an extra burden on EMIs; however that s not the case It is because GST is not levied on loan repayment or on interest payment