https://www.taxtmi.com/caselaws?id=360245 The Authority for Advance Rulings, Gujarat, ruled that the interest charged by M/s. Shreenath Polyplast Pvt. Ltd. on short term loans to customers, acting as a Del Credere Agent, is exempt from GST under Sl. No. 27 of Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. The interest is considered as consideration for the loan, not for the supply of goods, falling under the exemption for services by way of extending loans with interest as consideration. en-us Mon, 19 Feb 2018 00:00:00 +0530 Sat, 01 Mar 2025 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360245 The Authority for Advance Rulings, Gujarat, ruled that the interest charged by M/s. Shreenath Polyplast Pvt. Ltd. on short term loans to customers, acting as a Del Credere Agent, is exempt from GST under Sl. No. 27 of Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. The interest is considered as consideration for the loan, not for the supply of goods, falling under the exemption for services by way of extending loans with interest as consideration. Case-Laws GST Mon, 19 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360245