Credit-card EMI isn't always cheaper: Check these six costs before converting
GST Council is in focus in a taxation development.
· Business Today Mkts
Converting a credit-card bill into EMI can ease monthly cash-flow pressure, but the instalment alone does not reveal the full cost of borrowing. Consumers should factor in interest, processing fees, GST, tenure and pre-closure charges before opting for the facility.
The analysis
This is a Tax / tariff / duty event. Duty and incentive changes reset landed cost and competitive position immediately, and unlike demand shifts they arrive on a known date.
Why it matters
- Tax changes flow through to post-tax earnings and can shift the relative appeal of entire asset classes.
- With GST Council involved, this carries a regulatory dimension that can outlast the immediate market reaction.
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