The Authority for Advance Ruling (AAR), Gujarat has ruled that the amount charged as interest on transaction-based short-term loan given to the buyers of material is exempt from the levy of Goods and Services Tax (GST). The applicants are Del Credere Agent appointed by the supplier of goods. According to them, they have a dual role, […]
The post Interest on Short-term Loan given to Buyers of Material Exempt from GST: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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