https://www.taxtmi.com/article/detailed?id=12790 The Board clarifies that loans between related persons or by overseas affiliates to Indian affiliates are supplies but exempt where consideration is only interest or discount; no GST is due on notional processing, administrative, facilitation, guarantee or security commissions if no specific fee is actually charged, and open market valuation under Rule 28 should not be used to deem such charges taxable; only expressly levied fees over and above interest/discount are taxable as supply of services. en-us Mon, 15 Jul 2024 17:17:50 +0530 Mon, 15 Jul 2024 17:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12790 The Board clarifies that loans between related persons or by overseas affiliates to Indian affiliates are supplies but exempt where consideration is only interest or discount; no GST is due on notional processing, administrative, facilitation, guarantee or security commissions if no specific fee is actually charged, and open market valuation under Rule 28 should not be used to deem such charges taxable; only expressly levied fees over and above interest/discount are taxable as supply of services. Articles Goods and Services Tax - GST Mon, 15 Jul 2024 17:17:50 +0530 https://www.taxtmi.com/article/detailed?id=12790