Will the EMIs on home loan shoot up, due to the GST?


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Answered on November 09, 2017
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  •  It should be noted that home loan EMIs will not go up since service tax is not levied on them and hence they will not be taxable under GST. However, loan processing fee and prepayment charges, etc., where service tax was levied will go up nominally, on virtue of GST

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