The Advance Ruling Authority (AAR), Maharashtra has held that the penal interest collected by the Bajaj Finance Limited, an Indian financial services company, from it’s customers for delayed payment of EMI is subject to GST. The applicant company is engaged in lending, asset management, wealth management etc, has sought for a clarification that whether the […]
The post GST payable on Penal Interest for Delayed Loan EMI: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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