https://www.taxtmi.com/schedules?id=9561 Services by way of extending deposits, loans or advances are exempt from GST when consideration is interest or discount, excluding credit card interest; inter se sale or purchase of foreign currency among banks or authorised dealers is also exempt. "Authorised dealer of foreign exchange" aligns with the Foreign Exchange Management Act definition, and "interest" excludes service fees and charges for unutilised credit facilities. Circulars clarify GST treatment for overseas-to-Indian related party loans and for delayed payment charges on EMIs. en-us Sat, 01 Jul 2017 16:46:00 +0530 Tue, 04 Mar 2025 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/schedules?id=9561 Services by way of extending deposits, loans or advances are exempt from GST when consideration is interest or discount, excluding credit card interest; inter se sale or purchase of foreign currency among banks or authorised dealers is also exempt. "Authorised dealer of foreign exchange" aligns with the Foreign Exchange Management Act definition, and "interest" excludes service fees and charges for unutilised credit facilities. Circulars clarify GST treatment for overseas-to-Indian related party loans and for delayed payment charges on EMIs. Schedules GST Sat, 01 Jul 2017 16:46:00 +0530 https://www.taxtmi.com/schedules?id=9561