To exempt GST from the EMI PAYMENT of any bank's credit cards
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This is regarding the GST tax which bank's are imposing on us every time when we make payment for any product. Like if we buy any product online by making payments by credit card in form of EMI then if we convert that amount into 6 EMI then after GST rule 18 % GST is taken by bank on every EMI which means consumer have to pay two times GST as well as interest in a simple way we could say that on a 10000 rs. Payment if we pay it by EMI of 6 Months then 14 % interest on EMI which means 700 rs. Interest in 6 Months 1783 rs per EMI & also 18 % GST on every EMI which is 320 rs. Per EMI total 2104 to be pay per month total 12624 of 6 Months against 10000 rs amount total extra amount have to pay 2624 rs (26.24% extra amount ). So we request Government of India or BANK authorities to remove GST from credit card EMI payment. This is totally wrong...
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