Our company lent money to another company short term. It was repaid with interest. Does the interest attract GST?
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6,293 views1 replies
1 replies
6,293 views
1 replies
Hi @AdrienneG,
Interest isn't subject to GST. It's considered to be a financial supply.
You might want to check out the information on our web site about GST and loans.
All replies
Hi @AdrienneG,
Interest isn't subject to GST. It's considered to be a financial supply.
You might want to check out the information on our web site about GST and loans.
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