Shreenath Polyplast Pvt Ltd ., In re
Date: February 19, 2018
Subject Matter
Service provided by a Del Credere Agent by way of extending short term loans in so far as the consideration is represented by way of interest is exempted from GST
Summary
The applicant, M/s. Shreenath Polyplast Pvt. Ltd. has raised the following questions for advance ruling – “Whether an amount charged as interest on transaction based short term loan given by the Del Credere Agent (DCA) to buyers of materi…
The applicant, M/s. Shreenath Polyplast Pvt. Ltd. has raised the following questions for advance ruling – “Whether an amount charged as interest on transaction based short term loan given by the Del Credere Agent (DCA) to buyers of material is exempt from tax in terms of the Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 (Serial Number 27)? 2.1 The applicant has submitted…