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of <h1>Rajasthan Tax Department Clarifies GST on Overseas Affiliate Loans: Interest Exempt, Extra Fees Taxable Under Related Party Transactions.</h1> The circular from the Rajasthan Commercial Taxes Department clarifies the GST implications on loans provided by an overseas affiliate to its Indian counterpart or between related parties. It states that while the act of granting loans is considered a supply under GST, services involving loans, where consideration is solely interest or discount, are exempt from GST. However, any additional fees such as processing or administrative charges are taxable. The circular emphasizes that related entities often do not incur these fees due to pre-existing relationships, thereby exempting them from GST unless such fees are explicitly charged.
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