Levy of GST- Whether the interest subvention income received to ...
Interest Subvention Income for Effective Rate Reduction is GST Chargeable, Classified as 'Supply' Under CGST Act Section 7.
July 17, 2019
Case Laws GST AAR
Levy of GST- Whether the interest subvention income received to reduce the effective interest rate to the final customer is chargeable to GST? - Held Yes - this transaction between DFSI and MB India is a ‘Supply’ under Section 7 of CGST Act.
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