2018 (9) TMI 1332 – AUTHORITY FOR ADVANCE RULING, BIHAR – 2018 (17) G. S. T. L. 478 (A. A. R. – GST) – Taxable Supply – Borrowing Cost – Whether Consideration represented by way of Borrowing Cost received from members to whom loan was sanctioned, amounts to taxable supply?
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Ruling:- In Service Charge or any other type of liability, loan or any other borrowings vide Sl. No. 27 of N/N. 12/2017 is not exempt – resultantly these services are liable to GST. – AR(B)-01/2017-18 Dated:- 16-8-2018
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