https://www.taxtmi.com/forum/issue?id=118089 GST applies only if the recovery constitutes a taxable service; genuine financial transactions treated as loans/repayments with no consideration are not supplies and do not attract GST. Ensure recoveries are booked as financial transactions, avoid claiming Input Tax Credit on related charges, and document arrangements to mitigate risk of deemed-supply disputes arising from facilitation of payments between related parties. en-us Sat, 30 Jul 2022 12:00:12 +0530 Thu, 23 Jan 2025 15:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118089 GST applies only if the recovery constitutes a taxable service; genuine financial transactions treated as loans/repayments with no consideration are not supplies and do not attract GST. Ensure recoveries are booked as financial transactions, avoid claiming Input Tax Credit on related charges, and document arrangements to mitigate risk of deemed-supply disputes arising from facilitation of payments between related parties. Discussion-Forum GST Sat, 30 Jul 2022 12:00:12 +0530 https://www.taxtmi.com/forum/issue?id=118089