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of <h1>GST Exemption on Interest for Loans Between Related Entities; Additional Charges Taxable per Notification 12/2017-Central Tax</h1> The circular clarifies the GST implications on loans provided by an overseas affiliate to its Indian affiliate or between related persons. It states that such transactions, where consideration is solely in the form of interest or discount, are exempt from GST under Notification No. 12/2017-Central Tax (Rate). However, if any additional fees like processing or administrative charges are levied, these are considered taxable services under GST. The circular aims to ensure uniform application of these provisions and requests dissemination of this information to relevant stakeholders.
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