https://www.taxtmi.com/caselaws?id=383114 AAR TamilNadu ruled that interest subvention income received by a financial services company from an automobile manufacturer to reduce customer interest rates is chargeable to GST. The Authority held that the arrangement between the related parties constitutes a supply of service under SAC 999792 as "Other miscellaneous Services, agreeing to do an act." The financial services company provides vehicle loans at reduced rates and enhanced customer services to promote the manufacturer's business. The transaction attracts 9% CGST and 9% SGST under the applicable notification, as the subvention amount represents consideration for services rendered between the related entities. en-us Mon, 15 Apr 2019 00:00:00 +0530 Mon, 10 Mar 2025 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383114 AAR TamilNadu ruled that interest subvention income received by a financial services company from an automobile manufacturer to reduce customer interest rates is chargeable to GST. The Authority held that the arrangement between the related parties constitutes a supply of service under SAC 999792 as "Other miscellaneous Services, agreeing to do an act." The financial services company provides vehicle loans at reduced rates and enhanced customer services to promote the manufacturer's business. The transaction attracts 9% CGST and 9% SGST under the applicable notification, as the subvention amount represents consideration for services rendered between the related entities. Case-Laws GST Mon, 15 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383114