The Gujarat Authority of Advance Rulings in an application filed by M/s Rajkot Nagrik Sahakari Bank Ltd. held that Refundable Interest-Free Deposit shall amount to consideration. It shall not be subjected to GST if benefits are allowed with such deposit. Further, a condition to provide the first 10 free transactions allowed to the Demat account […]
The post GST not applicable to Refundable Interest Free Deposit, rules AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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