GST on Credit Cards — The 18% Hidden Partner in Every Fee You Pay

Описание: GST on Credit Cards — The 18% Hidden Partner in Every Fee You Pay

Ever noticed your credit card bill getting higher than you expected? That’s because there’s a silent partner in every fee you pay — your friendly 18% GST! Welcome to Day 7 of Credit Card hacks!

Hey, I’m CA Pratiksha Pai, and I’ve been working and researching on money and tax matters for the last 15 years.

See, GST doesn’t apply on your shopping or dining spends — it applies on the charges your bank takes from you.

So when you’re late on payment, or when interest is added as ‘Finance Charges,’ the bank doesn’t just charge that amount… it also adds 18% GST on top of it.

Example: Say your late fee is ₹500. You’ll actually pay ₹590.
₹500 to the bank, and ₹90 as GST to the government.

So every time you pay a penalty or interest, you’re also paying tax on your mistake!

That’s why it’s so important to understand your cycle and pay on time. It’s not just about avoiding interest — it’s about avoiding that extra 18% that goes straight out of your pocket.
Think of it this way — GST isn’t your enemy, but your delay invites it.

Every late payment or partial bill makes the government your 18% partner — and trust me, they never forget to collect!

So next time you see ‘GST on Finance Charges’ in your statement — don’t get angry at the taxman. Just pay your bills on time!

Save this reel and follow for more money clarity — made simple and smart.

#GST #CreditCardBill #TaxTips #MoneySaving #CAPratikshaPai

GST on Cards, Credit Card GST, 18% GST Trap, Bank Fees, Late Payment Fee, Tax on Interest, Hidden Charges, Finance Fees, Bill Payment, Save GST