Goods and Services Tax – Started By: – S.C. WADHWA – Dated:- 28-5-2018 Last Replied Date:- 28-5-2018 – What is SAC for interest on loans exmpted under GST. – Reply By Nitika Aggarwal – The Reply = Dear Sir, SAC for Services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services); is covered under heading 9971. In order to substantiate the same, reliance shall be placed on
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