IGST on Loan by Citibank to Credit Card Holder – Calcutta High Court Judgment

Ramesh Kumar Patodia Vs City Bank N.A. and Ors. (Calcutta High Court) Whether loan on credit card granted by Citibank is liable for IGST in terms of the IGST Act even when the interest on loan is exempted from IGST ? The Calcutta High Court recently delivered a crucial judgment regarding the applicability of Integrated Goods and Services Tax (IGST) on a loan granted by Citibank to a credit card holder. The case raises questions about the relationship between the loan and credit card services and the eligibility for IGST exemption. The case revolves around the loan offered to the appellant, who...