Is interest on debt instruments exempt from GST?
Yes. As debt instruments such as debentures, bonds etc. are in the nature of
loans, interest thereon will be exempt from GST.
Q 44 of GST FAQs on Financial Services Sector published by CBIC
Yes. As debt instruments such as debentures, bonds etc. are in the nature of
loans, interest thereon will be exempt from GST.
Q 44 of GST FAQs on Financial Services Sector published by CBIC