Clarification on GST Taxability for Loans Between Related Parties: Interest Exempt, Fees May Incur Tax.
Circulars
GST
A recent circular addressed the taxability of loans between related parties or affiliates. The circular clarifies that providing loans between related parties constitutes a taxable supply under GST. However, services involving interest or discount on loans are fully exempt. Processing fees or administrative charges on loans may be subject to GST, but in cases where no su
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